Ethereum 2.0 or Eth2 is a transformation of Ether that involves a switch from proof–of-work to evidence-of-stake.ETHIt will transform the network into a deflationary asset. The event has been a trending topic for years and while anticipation for “The Merge” has been building over the past couple of months, this week Ethereum core developer Tim Beiko Be informed the world that “It won’t be June, but likely in the few months after. No firm date yet.”

Delays in Ethereum network upgrades are nothing new and so far, the immediate effect on Ether’s price following the revelation has been minimal.