In an update note released on Wednesday, the Ethereum Foundation has clarified that the network’s long overdue transitory upgrade, called the “Merge,” won’t reduce gas fees significantly.“Gas fees are a product of network demand relative to the capacity of the network. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput,”wrote the Ethereum Foundatio...

In an update note released on Wednesday, the Ethereum Foundation has clarified that the network’s long overdue transitory upgrade, called the “Merge,” won’t reduce gas fees significantly.“Gas fees are a product of network demand relative to the capacity of the network. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput,”wrote the Ethereum Foundatio...