You know what they say: If you can not beat them, join them. That's what Microsoft does after years of trying to get Edge to work as a browser – but it's not likely to be completely replaced.
Yesterday came the rumor that Microsoft is building a new browser that replaces Edge, but this time it's based on Chromium ̵
Microsoft has invested a lot of work in the development of Edge, well, a really good browser. The user interface is superb and provides the best touch interface for tablets of all browsers available on Windows. Microsoft is unlikely to throw it away and start over.
Microsoft is more likely to move away from EdgeHTML and create this new version of Edge with the open source Chromium rendering engine. In addition, they are unlikely to be shipping a version of Edge that is simply powered by the Chromium engine, but instead, a special fork of the Chromium engine will be built to meet the specific goals it has with this new one Version of Edge.  The impact here, however, is greater than just a newer version of Edge with an improved rendering engine. However, this also means that Microsoft uses an open source engine in its browser. This step means that all major browsers – Chrome, Edge, Firefox and Opera – use open source software. This is great for everyone, especially as it could potentially mean better browsers across the board. For example, if Microsoft does something innovative with its Chromium engine fork, Google could easily add that to Chrome.
According to The Verge, we may see an announcement this week with this new project, then we will submit it strictly under the category "rumor", and as such, note that every detail of this can change to an official release.