The Merge : le grand malentendu qui embarrasse Ethereum

The Merge : le grand malentendu qui embarrasse Ethereum

The merger will not solve all the problems of Ethereum: The net Ethereal you are about to enter Proof of Stake via upgrade the fusion. However, a myth persists regarding The Merge. In fact, many people think that The Merge will have a positive impact on costs on Ethereum. The Ethereum Foundation is trying to put an end to this once and for all myth.

What is fusion?

The net Ethereal it currently uses Proof of Work to ensure consensus between its nodes. However, since its inception, developers have aimed transition to a proof of stake system.

In December 2020, a new channel called beacon chain was launched by Ethereum. This operates in parallel with the current network and its sole mission is to ensure consensus in the Proof of Stake.

For its part, The Merge is the update what will allow connect the application layer of Ethereum to the consensus layer in Proof of Stake. Otherwise, it means that the created blocks for transactions made in Ethereum will be validated by the chain of beacons in Proof of Participation.

At their most recent meeting, the developers decided that the merger would take place on September 15.

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The merger will not reduce fees on Ethereum

As the fateful date of the merger approaches, the Ethereum Foundation has wanted to put an end to a myth that has been running for several months.

Thus, on its website it has updated the information regarding The Merge to add a end answer to a question that keeps coming back.

No, The Merge will not reduce fees on Ethereum.

The Merger will not reduce fees on Ethereum.

Gas charges are a product of network demand versus network capacity. The merge deprecates the use of proof-of-work and moves to proof-of-stake for consensus, but does not significantly change parameters that directly influence network capacity or performance. »

In fact, it is common to see Internet users announce a reduction in rates after The Merge. A idea received it makes sense. The move to Proof of Stake is, in fact, part of the overall plan to improve Ethereum’s scalability.

However, proof of stake doesn’t really improve scalability. However, this update allows improve the performance of second layer solutions and paves the way for the deployment of fragmentation.

ETH 2.0: a roadmap focused on rollups

After his explanations about the no rate reduction Through The Merge, the Ethereum Foundation recalls its current priority: the rollups.

In fact, although The Merge does not reduce costs, the transition to proof of stake improves the capabilities of second layer solutions. Therefore, until the rollout of sharding, the Ethereum community relies on stacks to improve network scalability.

With a digest-centric roadmap, efforts are focused on increasing user activity at Layer 2, while enabling the Layer 1 core network to be a secure, decentralized settlement layer optimized for storing digest data to make digest transactions exponentially cheaper. The transition to proof of stake is an essential precursor to achieving this goal. »

In recent months, these second layer solutions have experienced a meteoric rise. Little by little, they begin to fulfill their promise by offering low cost ecosystems.

In practice, most existing rollups on Ethereum offer a reduction in rates ranging from 50 to 99%.

Average fees observed on Ethereum accumulations.
Average fees observed in Ethereum accumulationsSource: L2fees.info.

Rollups will still need to be developed to offer an ecosystem as rich as that of the Ethereum mainnet.

At the same time, the Ethereum community is at the center of legal and philosophical turmoil in the context of the Tornado Cash case. In the face of regulation, the Resistance organizes itself.

The Ethereum upgrade opens up a new field of possibilities for its ecosystem. To accumulate ETH, choose simplicity and meRegister now on the PrimeXBT platform (commercial link).

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