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So, it goes like this: Microsoft has confirmed they will be killing of their own-developed Edge browser in favor of a Chromium-based alternative. However... The new browser will retain Microsoft's Edge nomenclature, instead of parting ways with the (likely damaged) branding. Microsoft is committing to the open-based Chromium backbone, and will be building upon its database to contribute towards a more open Internet.
The idea is to deliver more frequent updates - and of course, reducing the engineering and coding efforts to keep an in-house browser up to date and secure from all manner of Internet threats. And this will likely be achieved; whether Microsoft's efforts will bring it a higher market share than the current 4%, though, is anyone's guess. It seems to be a usual Microsoft dilemma in that the first search on its browsers is for another web browser... And it might remain especially so without a branding change. Living in Chrome just sounds better than living on Edge.

View at TechPowerUp Main Site
The idea is to deliver more frequent updates - and of course, reducing the engineering and coding efforts to keep an in-house browser up to date and secure from all manner of Internet threats. And this will likely be achieved; whether Microsoft's efforts will bring it a higher market share than the current 4%, though, is anyone's guess. It seems to be a usual Microsoft dilemma in that the first search on its browsers is for another web browser... And it might remain especially so without a branding change. Living in Chrome just sounds better than living on Edge.

View at TechPowerUp Main Site