ETHEREUM MERGE EVENT IS ABOUT TO HAPPEN ON UPCOMING WEDNESDAY OR THURSDAY
After selling off roughly 10% on Tuesday following the August inflation data, prices for the two biggest cryptocurrencies by market cap inched higher.
Bitcoin gained roughly 0.64% Wednesday to trade at $20,271.80, and ether climbed 1.76% to $1,602.38.
The merge will transform Ethereum from a proof-of-work to a proof-of-stake consensus mechanism,
Which means gas fees, or the cost per transaction, will come down.
And the network will be able to process more transactions in a shorter amount of time.
"The way to think about the merge is simply as a shift in the way transactions are validated on Ethereum," Ari Redbord