Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput – Technology Bitcoin News

On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work to proof-of-stake is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020.

Ethereum Foundation Clarifies ‘Gas Fees Are a Product of Network Demand’ — The Merge Does Not Significantly Change Any Parameters That Directly Influence Network Capacity or Throughput The Ethereum Foundation wants the public to be aware that while The Merge will transition from PoW to PoS, assumptions that fees will drop are false. The statement was added to the foundation’s definition and summary of The Merge hosted onThe page has been updated on a few occasions and the last update occurred on August 16, 2022.

While transaction fees on Ethereum will not change after The Merge, users who want lower fees will have to leverage layer two scaling solutions and wait for more Ethereum upgrades. Following The Merge, Ethereum will implement The Surge, The Verge, The Purge, and finally The Splurge.

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So much hype and not that many benefits for users

I don;t see many advantages in that merge

Don't trust these guys, I had a miner at their site:they closed their pool I had trapped 0.002 btc and they say now the minimum to withdraw is 0.005 and they don't want to return my money back. You can imagine the rest if they steal me 0.002 btc. Thieves!

ExaminerMo

That's cool. Merge, dump your miners, censor validators, and keep your horse fees. One question. Why did you do all this?

👀

What is the essence of the merge if transaction fees are not impacted.

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Talk with Vasil; he has a solution for it. You are welcome. 👍🏻

Another bullshit news

Everyone really needs this?

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