2 years ago
Ethereum (ETH) instauration revealed that the Merge would not trim state fees, and it volition not alteration staking withdrawals until the Shanghai upgrade successful an August 17 note.
Gas fees volition not beryllium lower
According to the foundation, the Merge volition not trim Ethereum state fees due to the fact that it is simply a “change of statement mechanism” and “not an enlargement of web capacity.”
Instead, the blockchain is focused connected scaling its users’ enactment connected the layer2 networks and making the mainnet “a unafraid decentralized colony layer.” It believes this would assistance layer2 web transactions to go cheaper.
Reports had advised Ethereum users to usage layer2 web solutions for cheaper transactions.
Transaction speed
The instauration added that transactions connected Ethereum volition not go “noticeably faster aft the merge.”
While it conceded that immoderate flimsy changes would occur, the instauration believes that users utilizing the layer1 web mightiness not announcement immoderate quality successful its speed.
“Proof-of-stake blocks volition beryllium produced ~10% much often than connected proof-of-work. This is simply a reasonably insignificant alteration and is improbable to beryllium noticed by users.”
When volition staking withdrawals beryllium enabled?
Ethereum instauration said withdrawals “will stay locked and illiquid for astatine slightest 6-12 months pursuing The Merge.” Staked ETH, staking rewards, and recently issued tokens volition stay connected the Beacon Chain until the Shanghai update.
However, validators tin entree their “fee rewards/MEV earned during artifact proposals” via a mainnet relationship controlled by them.
The instauration besides addressed fears that determination could beryllium wide withdrawals from validators erstwhile withdrawals are enabled, saying “only six validators whitethorn exit per epoch (every 6.4 minutes, truthful 1350 per day, oregon lone ~43,200 ETH per time retired of implicit 10 cardinal ETH staked). ”
It added that the complaint bounds would beryllium adjusted depending connected the remaining staked ETH to debar a wide exodus.
Running node does not necessitate staking 32 ETH
Ethereum instauration said users bash not request 32 ETH to tally a node connected the network.
The instauration wrote that determination are 2 types of nodes: nodes that tin suggest blocks and nodes that don’t.
Nodes that tin suggest blocks connected the PoS necessitate staked ETH, portion the different benignant of nodes cannot taxable blocks; instead, “they service a captious relation successful securing the web by holding each artifact proposers accountable.”
According to the foundation, it is indispensable for anyone with the quality to tally their nodes arsenic it ensures the network’s decentralization.
Other misconceptions
The Ethereum instauration insisted that the modulation to the PoS web would not effect successful immoderate downtime for its users. According to the foundation, the Merge volition beryllium triggered by a acceptable terminal full difficulty.
Once this criterion is met, blocks volition spell from being built by proof-of-work to proof-of-stake.
The instauration besides mentioned that staking APR volition beryllium astir 50% and not the 200% being touted by galore wrong the community.
The station Ethereum instauration addresses misconception astir state fees successful caller Merge update appeared archetypal connected CryptoSlate.
English (US) 