Contrary to what some believe, the Etheruem (CRYPTO: ETH) Merge event will not reduce gas fees or speed up transactions.
What Happened: As The Merge approaches, the Ethereum Foundation uploaded a note addressing some misconceptions associated with the network’s transition to Proof-of-Stake (PoS).
1. Misconception: “Running a node requires staking 32 ETH.”
“False. Anyone is free to sync their own self-verified copy of Ethereum (i.e. run a node). No ETH is required. Not before The Merge, not after The Merge, not ever,” said Ethereum in a blog.
2. Misconception: “The Merge will reduce gas fees.”
The Merge is a change of consensus mechanism, not an expansion of network capacity, and will not result in lower gas fees, explained …
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