Eight Misconceptions about Ethereum Merge
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.
2. Misconception: “The Merge will reduce gas fees.”
False. The Merge is a change of consensus mechanism, not an expansion of network capacity, and will not result in lower gas fees.
3. Misconception: “Transactions will be noticeably faster after The Merge.”
False. Though some slight changes exist, transaction speed will mostly remain the same on layer 1.
4. Misconception: “You can withdraw staked ETH once The Merge occurs.”
False. Staking withdrawals are not yet enabled with The Merge. The following Shanghai upgrade will enable staking withdrawals.
5. Misconception: “Validators will not receive any liquid ETH rewards til the Shanghai upgrade when withdrawals are enabled.”
False. Fee tips/MEV will be credited to a Mainnet account controlled by the validator, available immediately.
6. Misconception: “When withdrawals are enabled, stakers will all exit at once.”
False. Validator exits are rate limited for security reasons.
7. Misconception: “Staking APR is expected to triple after The Merge.”
False. More up-to-date estimations predict closer to a 50% increase in APR post-merge, not a 200% increase.
8. Misconception: “The Merge will result in downtime of the chain.”
False. The Merge upgrade is designed to transition to proof-of-stake with zero downtime.