Excitement revolves around upgrading Ethereum's Coming Merge related to merging two mainnet and Beacon Chain accidentally sparked rumors in the community.

Ethereum

Considered the most important upgrade in the history of , Merge really puts an end to the PoW consensus on this. However, the community still does not fully understand the issue leading to many misconceptions and below are the 5 most prominent mistakes.

Ethereum gas fees will decrease after Merge

Upcoming upgrades will reduce gas fees that cause a lot of public opinion Ethereum (transaction fees) is one of the biggest misconceptions that is spreading among investors. While lower gas fees are what every investor wants, Merge just changes the blockchain switch consensus mechanism Ethereum from PoW to .

Instead, to reduce gas fees on Ethereum, it is necessary to scale the network's capacity and throughput. The developer community is working on it now roadmap focus on rollup to make deals cheaper.

Transactions on Ethereum will be faster later Merge

It is not expected that transactions on Ethereum will be significantly faster. Specifically, Beacon Chain currently allows validators to publish a block every 12 seconds, and on the Mainnet it is about 13.3 seconds.

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While Ethereum developers believe that switching to would allow for a 10% increase in block output, such a small improvement will not satisfy users.

Merge will make blockchain Ethereum stopped working

Contrary to misconceptions about positive outcomes for Ethereum after the Merge, one popular rumor is that the upgrade will momentarily shut down the Ethereum blockchain.

The developers anticipate no downtime as blocks transition from being built using PoW to PoS.

Investors will be able to withdraw staked ETH after Merge

Staked (stETH) is a type supported by 1:1 ratio, currently locked on Beacon Chain. While users wanted to withdraw their stETH holdings, the developer community confirmed the upgrade did not facilitate this.

Withdrawal of stETH will be done in the next major upgrade after Merge, known as the Shanghai upgrade. As a result, the assets will remain locked and illiquid for at least 6-12 months after the Merge.

Validators will not be able to withdraw ETH rewards until upgrade Shanghai

While investors cannot withdraw stETH until after the Shangai upgrade, validators have immediate access to fee rewards and maximum extractable value (MEV) in block proposals from the execution layer. or the Ethereum mainnet.

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Since the fee offset is not a newly issued token, it will be available to validators immediately.

Sharing the Untapped Potential of Ethereum, Co-Founder Mihailo Bjelic says that zkEVM Rollups (a new scaling solution for Ethereum) will allow the smart contract protocol to surpass Visa in terms of transaction throughput.

Sandeep Nailwal, another co-founder of , agrees with Bjelic as he thinks this solution will reduce Ethereum fees by 90% and increase transaction throughput to 40–50 transactions per second.

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