The Transitioning

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Preparations before the merge on Ethereum had a fairly lively impact followed by each party. From the weakening of the bitcoin market which made many investors turn to Ethereum to get make a profit in their hope, to the preparation for maintenance on several exchanges to anticipate conditions when the Ethereum merge would occur.

Image by WorldSpectrum from Pixabay 

Other conditions also provide a little curiosity about what will happen if the whole process of transitioning this consensus change occurs. Is it as expected or not, and also how the future market response to the Ethereum 2.0 blockchain will be?

On the other hand, it is also worth seeing that the increase in the Ethereum classic hash rate has pushed up the price of the coin. It is undeniable that it can be said that one of the impacts of the migration of miners who have started to switch to mining etc is because later eth mining will turn off the running PoW system.

Image by Gerd Altmann from Pixabay 

One thing that I am most looking forward to personally is whether the gas-fee issue will have an impact as expected and whether it can have an effect on reducing gas fees on transaction costs that occur in the Ethereum chain in the future. Unfortunately, the Merge will not be able to reduce the gas fee just because it changes the consensus mechanism from PoW to PoS. This is because the change in consensus will not have an impact on network capacity (throughput), so there will be no impact on gas fees in the short term.

But even so, based on the Ethereum roadmap, at least there is a plan to overcome the problem of high gas fees in the network. One of them is "sharding", which will increase the network's ability to scale larger transaction volumes.

The thing to remember from all the things that are currently a hot topic about changing the transition from Ethereum to Ethereum 2.0 will not have an impact on scalability in the short term but in the future. And as an appeal for users to be more careful in the merge conditions, it is possible that some irresponsible parties may want to take advantage during the transition period. And please keep in mind that no new tokens are scheduled to appear at the same time as the upgrade, this is not just a value but more security and convenience.

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Currently, the situation of cryptocurrencies is very bad. We are now in a desperate situation.

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