Crypto’s Wealthiest Billionaire Warns Aftermath of Ethereum (ETH) Merge Will Likely Disappoint on One Front
crypto EthereumCryptos Wealthiest Billionaire Warns Aftermath of Ethereum (ETH) Merge Will Likely Disappoint on One Front09 / 15 / 2022Balita ng Ethereum ng Bitcoin The chief executive of the worlds largest crypto exchange platform by volume is warning investors that Ethereums (ETH) transition to proof-of-stake will likely dash their expectations in one way. In a new interview with CNBC, Binance CEO Changpeng Zhao sabi ni that traders expecting the merge to have an immediate impact on the ETH ecosystem will be disappointed, especially if they believe drastically lower gas fees will be instantly implemented. Many people have very high short-term expectations for the merge, they think [that] Ethereum gas fees will drop from $10 per transaction to $0.02 overnight. That‘s most likely not going to happen. It’s a long process. The Ethereum upgrade takes multiple stages over multiple months or years, but it is a very good development though, it is progress in the right direction and it is strong inovation. The merge will happen today or tomorrow, but Ethereums gas fees will not drop immediately. According to Zhao, who is the worlds wealthiest crypto billionaire, further upgrades for ETH in the future will bring it closer to what people were expecting from the merge. “But