Why didn’t Ethereum’s gas fees go down after “The Merge”?
First, a clarification: “The Merge” wasn’t intended to lower gas fees. Whether transaction fees are high or low still depends on demand on the chain.
How it works: After the switch to proof of stake, blocks are no longer produced through computational power. Instead, validators who have staked ETH produce blocks and vote to confirm them according to the protocol’s rules.
After “The Merge,” newly issued $ETH is no longer awarded to miners, but instead to validators.
Markets are always uncertain, so decide in advance what you’ll do if your view turns out to be wrong.
#ETH
First, a clarification: “The Merge” wasn’t intended to lower gas fees. Whether transaction fees are high or low still depends on demand on the chain.
How it works: After the switch to proof of stake, blocks are no longer produced through computational power. Instead, validators who have staked ETH produce blocks and vote to confirm them according to the protocol’s rules.
After “The Merge,” newly issued $ETH is no longer awarded to miners, but instead to validators.
Markets are always uncertain, so decide in advance what you’ll do if your view turns out to be wrong.
#ETH