As per the latest discussions at Ethereum foundation, the Merge is scheduled for September 19. However, it is considered as a planning timeline, since some actions need to be closed prior to the merge.
Why it is of importance
The Merge will allow Ethereum (ETH) to finalize the smooth transition from Proof-of-Work to Proof-of-Stake consensus. It will have a positive impact on Ethereum mainnet as well as layer-2 chains like Arbitrum or Optimism, or sidechains like Polygon (MATIC). As it is one of the few positive events happening in Crypto currently, it should also positively affect all the DeFi sector as well as Bitcoin (BTC) and altcoins.
What's next
Once the Merge has happened, we can only hope some other crypto projects will also announce upgrades in order to help cryptos start a new bull run.
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
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