Vitalik Buterin, the founder of Ethereum, announced that Ethereum Merge, i.e., a transition to a proof-of-stake (PoS) protocol, will most likely happen by August this year. During ETH Shanghai Web 3.0 Developer Summit, Buterin said that if any potential risk took place, a delay to September or October is possible. Buterin shared an overview of the Ethereum protocol during the virtual summit.