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Value of Ether, other cryptocurrencies could rise if Ethereum merge goes well, experts say
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If successful, the Merge will enable more applications to run on Ethereum by reducing costs for developers.
PHOTO: AFP
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SINGAPORE - The value of popular cryptocurrency Ether (ETH) is expected to rise as its blockchain becomes more sustainable and gains traction as a platform for coders to innovate, following a hotly anticipated upgrade set to take place on Thursday.
The Merge, as the upgrade is known, will see the Ethereum blockchain transition from the energy-intensive proof-of-work (POW) validation method to the proof-of-stake (POS) method, which consumes virtually no energy at all.
