- The anticipated Ethereum Merge is finally complete.
- Ethereum network transitions from Proof of Work to Proof of Stake.
- Most Ethereum holders take long positions on ETH.
The long-awaited Ethereum Merge is finally over, and the ecosystem has successfully converted to Proof of Stake. Much has been discussed about the Merge before it happened; however, now that the transition is finally successful, here are some notable commentaries on Twitter about what to expect after The Merge. Vocal industry leaders like Vitalik and CZ, the Founders of Ethereum and Binance, respectively, have tweeted about the Merge congratulating stakeholders and everyone involved.
The Ethereum Merge is successful; what are industry leaders saying about it?
The Merge is finally over, and crypto enthusiasts eagerly await to experience the new Ethereum ecosystem that moves from PoW to PoS consensus mechanism.
After the successful completion of The Merge, Vitalik took to Twitter to notify Ethereum network fans of the Successful process and to congratulate everyone involved. Here’s what he had to say on Twitter.
Similarly, other industry leaders like CZ, the CEO of the Binance crypto exchange platform, also announced the successful transition. His Tweet reassured his followers of the success of the entire process and stated that PoS is fully activated. Here is CZ’s tweet after the Merge.
Other notable tweets post-merge tweets highlight various notable activities on the Network after The Merge. According to this Tweet from CirrusNFT, Someone paid 36 ETH tokens to mint the first NFT on the proof of stake ecosystem.
Ivan on Tech Web3 applauds the successful Ethereum merge and makes a striking comparison to the Bitcoin network. He tweeted that The Merge can be interpreted as an equivalent of three Bitcoin halvings in terms of inflation cut.
Another Tweet from Tree_of_Alpha claims that the transition from PoW to PoS will deplete the total $ETH supply. According to him, the total ETH token supply could be depleted by the end of the week.
Similarly, eric. eth from Twitter has expressed similar sentiments about the shrinking total supply of ETH due to the Merge that had Ethereum transition from PoW to PoS.
What to expect after the Ethereum merge
ETH holders have several expectations after the Merge. Many expect lower gas fees and faster transaction speeds as part of the advantages of the Merge; however, here are some tweets that highlight what ETH holders should expect after The Merge.
ETH coin stakers will not be able to withdraw their tokens for 6 months to 12 months after Merge. ETH token stakers will have to wait for the Shanghai Upgrade, allowing up to 40,000 ETH tokens to be withdrawn daily.
Similarly, the Merge does not intend to affect the ecosystem’s gas fees. Ethereum token holders will not experience a reduction in gas fees since the Merge does not expand the network’s capacity.
Finally, ETH holders should not expect to experience reduced transaction speeds on the network. The average ETH user will barely notice a change.