- Ethereum will move from proof-of-work to proof-of-stake this summer, Vitalik Buterin has confirmed.
- The ETH 2.0 ‘Merge’ upgrade promises to cut transaction fees, increase coins ‘burned’ and improve congestion.
- That should in turn limit supply and lift activity, giving analysts reason to be bullish in the long term.
Ethereum is finally closing in on its shift to proof-of-stake, and changes to gas fees that should give its cryptocurrency a boost,…