There is excitement about the Ethereum Merge. Many may hope the Merge solves many existing problems, but those may become misconceptions.
Here are lists of misconceptions:
❎ Ethereum gas fees will reduce
❎ Transaction will be faster
❎ Ethereum blockchain will be a temporary halt
❎ Investors can withdraw staked ETH after the Merge
❎ Validators will not be able to withdraw rewards
❎ Running a node needs staking 32 ETH
❎ Staking APR is expected to triple
Here are reasons for misconceptions:
Ethereum gas fees will reduce
👉 lowering gas fees requires expanding network capacity
👉 rollup may help
Transaction will be faster
👉 it will not be noticeably faster than before
Ethereum blockchain will be a temporary halt
👉 no downtime
Investors can withdraw staked ETH after the Merge
👉 withdraw available after Shanghai upgrade
Validators will not be able to withdraw rewards
👉 it will be available to the validator immediately
Running a node needs staking 32 ETH
👉 any amounts work
Staking APR is expected to triple
👉 close to a ~50% increase
Why Merge, then?
I don't know. Probably there is nothing to move the crypto market at this point.
The End.
https://twitter.com/freeslave06/status/1559350621714653192
- freeslave06
Kidding here.
Despite any false hope, the Merge is a start point to making the blockchain more sustainable.
https://consensys.net/knowledge-base/the-merge/
I do not agree with scalability as the single factor to the Merge but as the product of the upgrade.
https://twitter.com/SalomonCrypto/status/1559402384526258176
- SalomonCrypto
It is a test for an open-source organization to collaborate and produce a socially impacting project.
https://twitter.com/hasufl/status/1559908331145265156
- hasufl
Potentially, the market will benefit from this upgrade.
https://twitter.com/Montana_Wong/status/1556706440726716416
- Montana_Wong
And helps Coinbase a bit:
https://twitter.com/WatcherGuru/status/1559926476543246337
- WatcherGuru
There you have it, The Merger!
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