Ethereum Merge A Checklist
Ethereum Merge A Checklist
What is ETH Merge?
What is ETH Merge?
Eth merge is a planned event to move the Ethereum blockchain from proof-of-work consensus to Proof-of-stake.
What's the need?
What's the need?
The consensus will help Ethereum lower down the congestion issue and increase the transaction speed from 15 tps to 1500 tps.
Will it reduce Gas Fee?
Will it reduce Gas Fee?
In short-term, No. The gas fee will not reduce immediately but over a period of time. Likely within a year.
Are your ETH Safe?
Are your ETH Safe?
If you're holding Ethereum tokens in the wallet. Be assured, it will be safe. However, maintain the following cautions.
Do not entertain Spam
Do not entertain Spam
There are high changes of email spams asking to transfer ETH to unknown address in the name of security. Avoid them.
Avoid ETH transaction
Avoid ETH transaction
As a safety measure, avoid transacting on the Ethereum network on the day of Ethereum Merge i.e 15th Sept.
No ETH buying either
No ETH buying either
Although the crypto exchange may have updated their system by then but to protect your assets, its better not to purchase ETH on 15th.
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