Misconception about Ethereum Upgrade aka Merge

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 of 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

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

It is a test for an open-source organization to collaborate and produce a socially impacting project.

https://twitter.com/hasufl/status/1559908331145265156

Potentially, the market will benefit from this upgrade.

https://twitter.com/Montana_Wong/status/1556706440726716416

And helps Coinbase a bit: 

https://twitter.com/WatcherGuru/status/1559926476543246337

There you have it, The Merger!