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.
Kidding here.
Despite any false hope, the Merge is a start point to making the blockchain more sustainable.
I do not agree with scalability as the single factor to the Merge but as the product of the upgrade.
It is a test for an open-source organization to collaborate and produce a socially impacting project.
Potentially, the market will benefit from this upgrade.
And helps Coinbase a bit:
There you have it, The Merger!
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