What will Ethereum gas fees be after moving to proof-of-stake?

Asked 2 years ago

Will Ethereum's move from proof-of-work to proof-of-stake reduce gas fees?

Muhammad Andrews

Wednesday, March 23, 2022

Ethereum 2.0 refers to interconnected upgrades designed to make the network more secure and eco-friendly. The primary change is shifting from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) mechanism. The shift is planned to occur in three stages, with the initial stage (the Beacon chain) already successfully executed. The other two remaining stages (the merge and shard chains) are expected to be implemented this year. These upgrades will allow Ethereum to process more transactions per second and scale further. This will undoubtedly minimize transaction charges significantly.

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