That is why, approaching the moment of transition, different concepts were debated about what the effects produced could become.
Thus, was that Ethereum.org clarified these misconceptions by bringing clarity to the community.
- Misconception: “Running a node requires risking 32 ETH”
“Fake. Anyone is free to sync their own self-verified copy of Ethereum (i.e. run a node). ETH is not required. Neither before “The Merge”, nor after “The Merge”, nor ever”, this was what was mentioned by ethereum on your blog.
- Misconception: “The Merge will lower gas rates”
This is one of the main myths that ethereum came out to clarify, explaining that “The Merge” is a change in the consensus mechanism, not an expansion of network capacity, that is why it will not result in lower fees.
- Misconception: “Transactions will be noticeably faster after The Merge.”
The foundation ethereum He clarified that although we could notice a difference in the transaction speed, it will not be significant and it will remain the same.
- Misconception: “ETH staked can be withdrawn once “The Merge” has occurred”
ETH staked, rewards staked to date, and newly issued ETH immediately after The Merge they will continue to be blocked in the Beacon Chain without being able to be removed, was the message from the developers.
- Misconception: “Validators will not receive any liquid ETH rewards until the Shanghai update when withdrawals are enabled.”
It may sound contradictory to the previous point, but it is not. The difference is that the validators will have their rewards enabled to make withdrawals, these would be the ones obtained during the block proposals.
- Misconception: “When withdrawals are enabled, all participants will exit at the same time.”
In relation to this point the developers clarified that: “When withdrawals are enabled, if the rate is too low, the validators will exit at a rate limited by the protocol. Gradually, this will increase the APR for everyone who stays, attracting new or returning prospects once again.”
- Misconception: “Betting APR is expected to triple after The Merge.”
This point is mere financial speculation about what the new post-Merge staking returns could be, but it was clarified with certainty: “False. The most up-to-date estimates predict an increase of close to 50% in post-Merge APR.” merger, not a 200% increase.”
- Misconception: “The Merge will cause blockchain downtime.”
“Fake. The Merge update is designed to transition to proof-of-stake with no downtime,” the developers said.
Crypto & Financial Analyst at N&W Professional Traders.
Source: Ambito
