Contrary to what many seem to believe, Ethereum’s upcoming “Merge” hard fork, which is when the Ethereum network is making the transition from proof-of-work (PoW) to proof-of-stake (PoS), will not lower Ethereum’s gas fees (i.e. transaction costs). Here is how Ethereum Foundation explains The Merge, which is expected to take place around September 15: “The Merge represents […]
