Finally The Ethereum (ETH) Merge for PoS Can happen in August 2022

Vitalik Buterin, Ethereum Co-founder confirmed that the transition to Proof-of-Stake will happen this August.

At the Eth Shanghai Summit, Vitalik said that the Ethereum merge (POW to POS) would most likely happen in the summer in August, If there are some potential risks, September or October is also possible.

Vitalik also stated that the crypto space is placing a lot of its focus on financial applications, which are high risk and come with limited room to improve futher. He pointed to Luna and UST for an example.  He remarked on how it completely collapsed when the market fell, and many people lost more than tens of billions of dollars.

And, so we already know with PoS Power will be held by the validators and not the community.

Investor Expectation:  “Are We Seeing a Pump Here.”

Holder Optimism:  “So, hold a lot of ETH now! Don’t wait, take advantage of the cheap ETH now.  After I missed this opportunity, there is no more.

Hyper Onlookers:  The hype train is rolling again.

Criticism on Decentralization and Justification:  Critics compare PoS of ETH to that of LUNA.  However, supporters say that the problem with LUNA was decentralization.  Critics do not seem to agree, and they are asking for clarification on how Ethereum can be decentralized when Vitalik Buterin is in charge of changing things.

A Quick Look into What Is Ethereum for Those Who Are New:  Ethereum is hailed to be the global decentralized platform to host currencies and also for new kinds of Dapps powered by smart contracts.  Ethereum blockchain can be used to host and run code which is used to control money and several new kinds of Dapps each of them serving a unique cycle of purpose. All of these are accessible from anywhere in the world. In the Bitcoin Network miners participate in mining activity to earn Bitcoin. However, in the Ethereum Network miners mine to earn Ether. Ether is a kind of cryptocurrency which powers the transactions on the network.

On November 2013, the Ethereum White Paper was published.

On January 2014, a public announcement of the development of the Ethereum Platform was made.

On August 2014, Ethereum ended their ICO and they raised $18.4 million.

On July 30, 2015, “Frontier,” The first stage of Ethereum development was released.

On March 14, 2016, the first stable Ethereum was released on block 1,150,000.

On October 25, 2016, Ethereum forks away from Ethereum Chain and it was known as Ethereum Classic.

People who have been hearing about Merge all these years:  Been hearing this upgrade news since the start of ETH. NEVER gonna happen in next two years.