It’s a momentous occasion.
But the big questions are still to come.
Questions like, will Ethereum increase in price after the Merge?
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And will the Merge actually make Ethereum faster?
Here are seven things it’s crucial that you know about the Ethereum Merge.
What Is the Ethereum Merge?
The Merge is the official name of the Ethereum blockchain’s transition from PoW to PoS.
After switching to PoS, it is thought Ethereum will consume 99.9 percent less energy.
When Did the Ethereum Merge Happen?
Is the Merge Complete?
The Ethereum Merge took place on 15 September 2022.
There was no pause to boot up different software or load something else; the transition was automatic.
TTD is the total difficulty sum of all blocks ever mined on the Ethereum blockchain.
Blockchain difficult adjusts automatically based upon the hardware processing power verifying transactions.
Will the Ethereum Merge Increase Ethereum’s Price?
Prior to the Merge, around 13,000 Ether were issued per day.
After the Merge, that figure falls to around 1,600 Ether per day.
Will the Merge Speed Up Ethereum Transactions?
At least, not by much.
Before the Merge, the Ethereum blockchain released one new block every 13 or 14 seconds.
After the Merge, that number is expected to fallto 12 seconds.
Will the Merge Reduce Ethereum Gas Fees?
That’s another no.
Ethereum’s notorious gas fees are unlikely to fall straight after the Merge completes.
It won’t be until Ethereum 2.0 implementsblockchain shardingthat users see a reduction in on-chain gas fees.
What Is the Merge Good For?
What’s the Point in the Ethereum Merge?
The biggest change for the Ethereum blockchain is the wider rollout of staking for Ethereum users.
And, as mentioned above, the reduction in energy consumption is also welcome.
Can I Use My Ethereum Now?
Yes, your Ethereum is free for use.
There was no pause between the switch from proof of work to proof of stake.
