Value of Ether, other cryptocurrencies could rise if Ethereum merge goes well, experts say

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.

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