Ethereum merge complete, welcome to ETH 2.0

[Yugocean]

On 15th September, Ethereum network entred in much awaited Proof Of Stake era.

Ethereum is now 2.0, and is stakable, you cannot mine to create ETH, but you can stake ETH to earn ETHW. This ETHW is diffrent than ETH 2.0, and is somewhat like Gas you earn for staking Neo, it is not the gas fees.

Transaction cost (gas fees), and transaction speed is ineffective. Might another upgrade will also come for these issues.

 

[C.Grigg]

I have yet to trade ETH in a long time. The last time I attempted to trade ETH was when the gas fee was a bazar amount. I wonder if this merger/upgrade will make the transactions quicker and cheaper in the long run.

 

[Yugocean]

I have yet to trade ETH in a long time. The last time I attempted to trade ETH was when the gas fee was a bazar amount. I wonder if this merger/upgrade will make the transactions quicker and cheaper in the long run.

ETH 2.0 is still in basic terms, merge was to make ETH from PoW to PoS. More updates are required, according to Ethereum foundation, merge won't decrease gas fees, to solve this issue, we have to wait for Shanghai upgrade.

 

[Enxx]

Lately I have not been following cryptocurrency news. What is really the importance of this etherium margining? Will it also reduce the has/transaction fee?

 

[Yugocean]

Lately I have not been following cryptocurrency news. What is really the importance of this etherium margining? Will it also reduce the has/transaction fee?

You are not following ETH news that's fine, but you can read a comment just above your comment, your question is about same thing that I already answered.

 

[C.Grigg]

There is some good information and some answers to the misconceptions that are going around about the merge. You can check out that information I found here: https://ethereum.org/en/upgrades/merge/

 

[Yugocean]

Another news is now Zcash and Dogecoin are planning to merge towards PoS, these two are largest PoW (Bitcoin is hardest), Ethereum merge is now giving a challange to other PoW, however, playing with nodes is very complex.

 

[Nomad]

I have never really used Ethereum. I once received ETH as a payment when the price was $1200, I sold it for $2400. That was my first and last usage of ETH

 

[Yugocean]

I have never really used Ethereum. I once received ETH as a payment when the price was $1200, I sold it for $2400. That was my first and last usage of ETH

You atleast benefited from your ETH, I planned to use for smart contract, but plan wasn't made, so I didn't purchase ETH.

 

[Flower]

What I expected from the Etherum merge was not what I found because initially, i believed that it is going to address the huge transaction fee on the Etherum network.