In roughly 65 days, there’s a chance Ethereum’s highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS), otherwise known as The Merge, could be implemented. The information was shared via “a planning timeline” on Twitter, which noted the shift from PoW to PoS could happen on September 19. The source stemmed from Ethereum Beacon chain community director, Superphiz, who further stressed that The Merge “timeline isn’t final,” and that people should “look out for official announcements.”
Source: https://news.bitcoin.com/while-the-timeline-isnt-final-ethereum-could-implement-merge-on-september-19/
Ethereum developers suggested the merge to proof-of-stake could take place the week of September 19th.
Do you think this is the reason ETH has rallied 31% in the past 5 days?
