{"id":484128,"date":"2022-08-13T13:30:00","date_gmt":"2022-08-13T10:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-merge-top-5-misconceptions-about-the-anticipated-ethereum-upgrade\/"},"modified":"2022-08-13T13:30:00","modified_gmt":"2022-08-13T10:30:00","slug":"the-merge-top-5-misconceptions-about-the-anticipated-ethereum-upgrade","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-merge-top-5-misconceptions-about-the-anticipated-ethereum-upgrade\/","title":{"rendered":"# The Merge: Top 5 misconceptions about the anticipated Ethereum upgrade"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a292487ea49d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a292487ea49d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-merge-top-5-misconceptions-about-the-anticipated-ethereum-upgrade\/#%E2%80%9D_The_Merge_Top_5_misconceptions_about_the_anticipated_Ethereum_upgrade_%E2%80%9C\" >&#8221; The Merge: Top 5 misconceptions about the anticipated Ethereum upgrade &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_The_Merge_Top_5_misconceptions_about_the_anticipated_Ethereum_upgrade_%E2%80%9C\"><\/span>&#8221; The Merge: Top 5 misconceptions about the anticipated Ethereum upgrade &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMDJjNGFiNmEtODQ2Ni00YzlkLThiMDctNzJmM2Q4YWZkYzJkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>The excitement around Ethereum\u2019s (ETH) upcoming upgrade, The Merge, which involves the merger of two blockchains \u2014 Mainnet Ethereum and Beacon Chain \u2014 has unknowingly spurred rumors across the community. <\/p>\n<p>Termed the most significant upgrade in the history of Ethereum, The Merge does indeed mark the end of proof-of-work (PoW) for the Ethereum blockchain. However, here are five misconceptions that stand out among the rest.<\/p>\n<p><strong>Misconception 1: Ethereum gas fees will reduce after The Merge<\/strong><\/p>\n<p>Ethereum\u2019s impending upgrade will reduce Ethereum\u2019s infamous gas fees (transaction fees) is one of the biggest misconceptions circulating among investors. While reduced gas fees tops every investor\u2019s wishlist, The Merge is a change of consensus mechanism that will transition the Ethereum blockchain from PoW to proof-of-stake (PoS). <\/p>\n<p>Instead, lowering gas fees in Ethereum will require working on expanding the network capacity and throughput. The developer community is currently working on a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ethereum-magicians.org\/t\/a-rollup-centric-ethereum-roadmap\/4698\">rollup-centric roadmap<\/a> to make transactions cheaper.<\/p>\n<p><strong>Misconception 2: Ethereum transactions will be faster after The Merge<\/strong><\/p>\n<p>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 publish a block every 12 seconds, which on the Mainnet is roughly 13.3 seconds.<\/p>\n<p>While Ethereum developers believe that transitioning to PoS will enable a 10% increase in block production, the slight improvement will go unnoticed by users.<\/p>\n<p><strong>Misconception 3: The Merge will result in downtime of the Ethereum blockchain<\/strong><\/p>\n<p>Contrasting the misconceptions that envision positive outcomes for Ethereum from The Merge, a popular rumor suggests that the planned upgrade will momentarily take down the Ethereum blockchain. <\/p>\n<p>The developers anticipate no downtime as blocks transition from being built using PoW to being built using PoS. <\/p>\n<p><strong>Misconception 4: Investors will be able to withdraw staked ETH after The Merge<\/strong><\/p>\n<p>Staked ETH (stETH), a cryptocurrency backed 1:1 by ETH, currently lies locked on the Beacon Chain. While users would love to be able to withdraw their stETH holdings, the developer community has confirmed that the upgrade does not facilitate this change.<\/p>\n<p>Withdrawal of stETH holdings will be made available during the next major upgrade after The Merge, known as the Shanghai upgrade. As a result, the assets will remain locked and illiquid for at least 6-12 months after the merger.<\/p>\n<p><strong>Misconception 5: Validators will not be able to withdraw ETH rewards til the Shanghai upgrade <\/strong><\/p>\n<p>While stETH remains blocked for investors until withdrawals are resumed following the Shangai upgrade, validators will have im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te access to the fee rewards and maximal extractable value (MEV) earned during block proposals from the execution layer or Ethereum Mainnet.<\/p>\n<p>As the fee compensation will not be newly issued tokens, it will be available to the validator immediately.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ethereum will outpace Visa with zkEVM Rollups, says Polygon co-founder<\/em><\/strong><\/p>\n<p>Sharing his take on Ethereum\u2019s unt<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed potential, Polygon co-founder Mihailo Bjelic told Cointelegraph that zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to outpace Visa in terms of transaction throughput.<\/p>\n<p>Sandeep Nailwal, Polygon&#8217;s other co-founder, echoed Bjelic\u2019s thoughts as he envisioned the solution slicing down Ethereum fees by 90% and increasing transaction throughput to 40\u201350 transactions per second.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/the-merge-top-5-misconceptions-about-the-anticipated-ethereum-upgrade\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; The Merge: Top 5 misconceptions about the anticipated Ethereum upgrade &#8220; The excitement around Ethereum\u2019s (ETH) upcoming upgrade, The Merge, which involves the merger of two blockchains \u2014 Mainnet Ethereum and Beacon Chain \u2014 has unknowingly spurred rumors across the community. Termed the most significant upgrade in the history of Ethereum, The Merge does&#8230;<\/p>\n","protected":false},"author":1,"featured_media":484129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMDJjNGFiNmEtODQ2Ni00YzlkLThiMDctNzJmM2Q4YWZkYzJkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74891,75326,75834,74876,103657],"class_list":["post-484128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-ethereum","tag-ethereum-2-0","tag-pow","tag-proof-of-stake","tag-upgrade"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=484128"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/484129"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=484128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=484128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=484128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}