Ethereum Merge, which has been one of the hot topics on the agenda lately, brings mobility. Ethereum Merge is preparing for activation as September approaches and Ethereum (ETH) is moving upwards in the market.
Ethereum Price Rises 11 Percent
In the past days, Ethereum developers pointed out September 19 as the tentative date for Merge activation at their meeting. Then there was the positive development in the market cap, NFTs and gas fees of ETH among the most active cryptocurrencies.
According to the news in AMBCrypto; ETH rose 11 percent as Ethereum developers showed an optimistic approach to Merge.
What is Ethereum Merge?
Merge, recently announced by Ethereum core developer Tim Beiko, represents Ethereum’s transition from Proof of Work to Proof of Stake. Together with the Purge and other updates that will take place after the Merge upgrade, the Ethereum network will be made more efficient, inclusive and environmentally friendly.
Although the date for Merge has been set as September 19, important steps are planned for Merge on August 4, 6 and 12. The testnet consolidation will be completed in two phases, starting August 4th. The Bellatrix update will be made first, followed by the completion of the second phase, called Paris, on August 6 and 12.
