The Merge: Top 5 Misconceptions About Ethereum's Planned Upgrade

Clearing the fog surrounding the most significant upgrade in Ethereum history, The Merge. Here are five misconceptions that stand out among the rest.

Excitement around the upcoming Ethereum (ETH) update, The Merge, which involves the merging of two blockchains - Mainnet Ethereum and Beacon Chain - has unknowingly spurred rumors in the community.

Regarded as the most significant upgrade in Ethereum history, The Merge indeed marks the end of proof-of-work (PoW) for the Ethereum blockchain. However, here are five misconceptions that stand out among the rest.

Misconception 1: Ethereum gas fees will decrease after merger

The impending Ethereum upgrade will reduce the infamous Ethereum gas fee (transaction fee) is one of the biggest misconceptions circulating among investors. With lower gas fees high on every investor's wish list, The Merge is a consensus-shifting mechanism that will take the Ethereum blockchain from PoW to Proof-of-Stake (PoS).

Instead, reducing gas fees in Ethereum will require working to expand network capacity and throughput. The developer community is currently working on a rollup-centric roadmap to make transactions cheaper.

Myth 2: Ethereum transactions will be faster after the merger

It is safe to assume that Ethereum transactions will not be noticeably faster. However, there is some truth to this rumor, as Beacon Chain allows validators to post a block every 12 seconds, which on the mainnet is around 13.3 seconds.

While Ethereum developers believe that the transition to PoS will result in a 10% increase in block production, the slight improvement will go unnoticed by users....