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
