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.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tokenview.io

Tokenview.io

Multi-crypto blockchain explorer & dataplatform