![]() Since the transition from proof-of-work to proof-of-stake will have no impact on network capacity, there will be no difference to gas fees. Gas fees depend on the network's capacity to handle transaction volume. The more nodes, the more decentralized the network. Running a non-block-producing node is possible for anyone, and is strongly encouraged, as it helps secure the Ethereum network. There are 2 types of nodes: block-producing, and non-block-producing. While you don't need any ETH to run your own node, you do need to stake 32 ETH to be able to validate blocks and earn block rewards. If you'd like to read more about this, you can visit Ethereum Foundation's blog post: The great renaming: what happened to Eth2? But after merging Eth1 and Eth2 into a single chain, there was only Ethereum. This came from the Ethereum mainnet being referred to as Eth1, and the Beacon Chain as Eth2. No, the Ethereum network was not renamed, nor was the cryptocurrency ETH.įor a time, people were referring to Ethereum after The Merge as Eth2, but this term was deprecated. For more information on how to guard yourself against scams, you can also read our article: What scams should I watch out for? If you have any doubts, please reach out to Exodus Support at. Scammers will often make minor changes to an email address or website to make it look legitimate. The email might appear to be from Exodus, but it is not. We don't have any ability to initiate contact with our customers.Įxodus will never ask for your 12-word secret recovery phrase or private keys. We have no way to identify who uses an Exodus wallet. The Merge didn't affect your assets, and you do not need to take any action.Įven if the email looks like it came from Exodus, note that as a non-custodial wallet, Exodus does not keep a list of registered users. If you receive an email informing you that you need to merge your assets, or take any other action because of The Merge, this is a scam. What if I get an email saying I need to merge my assets? You can continue to use your Ethereum and ERC20 tokens normally. Nothing! The Merge didn't affect your assets. You also retained your full wallet history in Exodus. Yes, you can still see your full transaction history on the Ethereum network. As the Ethereum mainnet merged with the Beacon Chain, it also merged the entire transaction history on Ethereum. The Merge happened on September 15th, 2022. It also sets the stage for future scaling upgrades (including sharding). This reduced Ethereum's energy consumption by ~99.9%. The Merge referred to the proof-of-work Ethereum mainnet merging with the Beacon Chain proof-of-stake system.Īfter The Merge, the entire Ethereum network became proof-of-stake. Does Exodus support proof-of-work Ethereum (ETHPOW)?.Are transactions be faster after The Merge?.What if I get an email saying I need to merge my assets?.Can I still see my transaction history?.
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