Make yourself a cup of coffee and continue to find out more information on the network of the future! Metaverse News has brought you here with a five-part series about the effects of The Merge.
The Merge will not instantly fix the apparent scaling problem that ETH is experiencing. At first, the only thing that the Ethereum Merge will change is how that agreement is reached on the ETH Blockchain.
The merger, on the other hand, clears the path for a large number of further upgrades (Surge, Verge, Purge, and Splurge) that will be made in the next years in an effort to resolve the scale problem.
As was mentioned before, the upgrading process has now been broken up into phases, and the name Ethereum 2.0 is no longer commonly used and may even be inaccurate at this point.
After the Merge phase, the complete transaction history is adopted and the functionality of smart contracts on the PoS network is enabled. The Merge phase is the phase in which the mainnet merges with the Beacon Chain. Stakeholders and validators are brought into the picture at the very end, once mining has been completely removed from the network.
When that time comes, the update known as “Surge” will be the one that includes sharding. Sharding is the act of dividing a database, or in this case, the blockchain, into a number of smaller chains that run in parallel with one another. These chains are known as shards. The surge will offer Ethereum with 64 shards, distributing the workload over 64 new chains. It will also make it easier to operate a node by significantly reducing the amount of hardware required. After that, validators and other users will be granted permission to run own shards, which will enable them to validate transactions while preventing unnecessary congestion on the mainnet.
It’s possible that in the end, doing things this way will allow for a reduction in gas expenditures, making them acceptable even for more modest moves.
“Purge,” on the other hand, should increase network efficiency by decreasing the amount of memory that validator nodes use, while “Splurge,” in the long run, should significantly reduce network utilization by adopting zero-knowledge protocols, for instance. This link has further details on zero-knowledge protocols that may be of interest to you.
However, it is predicted that Ethereum Layer 2 scaling solutions would become more affordable not long after the merger takes place.
Upgrades such as the EIP-4844, which lowers the costs of transactions on Layer 2 networks, may, for example, only be implemented on a proof-of-stake Ethereum network. This is because the EIP-4844 decreases the costs of transactions. There is a very good chance that The Merge will speed up the adoption of Ethereum L2s.