Ethereum's long-awaited move to Proof-of-Stake could happen this summer in August because of the imminent complexity bomb, which is the kind of chip encoded in the blockchain that deliberately slows down the network. Ethereum developers decided not to update the network in May, not to carry the bomb, but it's time for a new one in August. Why this?
- To encourage developers to move faster down the Proof-Of-Stake path.
- To make it harder for miners to stay on Proof-Of-Work
What other purpose does the move to Proof-Of-Stake have?
Many are waiting, for there should be a reduction in ETH output of around 90%. Less supply - higher demand - higher price.