The long-awaited merge onto Ethereum 2.0 is almost here, but investors are getting worried.
LONDON (Bywire News) - Ethereum insists that its long awaited ‘merge’ is definitely on the way. However, volatility in the market and a history of delays are making investors nervous.
Ethereum has been planning its merge for years as it migrates from the energy-intensive proof of work model to the much faster and sustainable proof of stake favoured by next-generation blockchains such as EOS. Once completed, Ethereum hopes it will address long-standing questions over its scalability and sustainability which have become a growing problem.
However, deployment has been delayed time and time again. After the recent decision to push back a planned launch date of June, investors could be forgiven for wondering if it would ever happen. Its website currently claims the merge is coming in Q3 or Q4 of this year. Even so, the market remains sceptical.
Polymarket, a crypto site in which users place bets...
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