Asked: What exactly did Ethereum’s “Merge” merge?
My answer: The Merge wasn’t designed to lower gas fees; how high fees are still depends on how congested the chain is. Since there’s no longer a need to pay mining rewards to miners, the amount of newly issued ETH has dropped significantly since the Merge.
$ETH 2316.25 (+0.35%)
Have you ever misunderstood this before?
#ETH
My answer: The Merge wasn’t designed to lower gas fees; how high fees are still depends on how congested the chain is. Since there’s no longer a need to pay mining rewards to miners, the amount of newly issued ETH has dropped significantly since the Merge.
$ETH 2316.25 (+0.35%)
Have you ever misunderstood this before?
#ETH