Calling Ethereum lovers: Do you know what happends after The Merge? Check out the top 5 misconceptions floating around the Ethereum 2.0 merger.
While reduced gas fees tops every investor’s wishlist, The Merge is a change of consensus mechanism that will transition the Ethereum blockchain from PoW toInstead, lowering gas fees in Ethereum will require working on expanding the network capacity and throughput. The developer community is currently working on aIt is safe to assume that Ethereum transactions will not be noticeably faster.
The developers anticipate no downtime as blocks transition from being built using PoW to being built using PoS.Staked ETH , a cryptocurrency backed 1:1 by ETH, currently lies locked on the Beacon Chain. While users would love to be able to withdraw their stETH holdings, the developer community has confirmed that the upgrade does not facilitate this change.
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What Is the Ethereum Merge?Ethereum's third and final public testnet, Goerli, successfully moved to proof-of-stake from proof-of-work yesterday, bringing the Merge one step closer. We explain what the Merge is and why it's such a big deal:
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