Ethereum: The Merge FAQs
Everything you need to know about The Merge, when the Ethereum network switched from proof-of-work to proof-of-stake. You don’t need to take any action with your funds!
What was The Merge?
The Merge referred to the proof-of-work Ethereum mainnet merging with the Beacon Chain proof-of-stake system.
After The Merge, the entire Ethereum network became proof-of-stake. This reduced Ethereum’s energy consumption by ~99.9%. It also sets the stage for future scaling upgrades (including sharding).
When did The Merge happen?
The Merge happened on September 15th, 2022.
Can I still see my transaction history?
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.
You also retained your full wallet history in Qadirah.
The Merge FAQs:
What do I need to do?
Nothing! The Merge didn’t affect your assets. You can continue to use your Ethereum and ERC20 tokens normally.
What if I get an email saying I need to merge my assets?
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.
The Merge didn’t affect your assets, and you do not need to take any action.
Even if the email looks like it came from Qadirah, note that as a non-custodial wallet, Qadirah does not keep a list of registered users. We have no way to identify who uses an Qadirah wallet. We don’t have any ability to initiate contact with our customers.
Qadirah will never ask for your 12-word secret recovery phrase or private keys.
The email might appear to be from Qadirah, but it is not. Scammers will often make minor changes to an email address or website to make it look legitimate.
If you have any doubts, please reach out to Qadirah Support at email@example.com.
For more information on how to guard yourself against scams, you can also read our article: What scams should I watch out for?
Was Ethereum renamed?
No, the Ethereum network was not renamed, nor was the cryptocurrency ETH.
For a time, people were referring to Ethereum after The Merge as Eth2, but this term was deprecated.
This came from the Ethereum mainnet being referred to as Eth1, and the Beacon Chain as Eth2. But after merging Eth1 and Eth2 into a single chain, there was only Ethereum.
If you’d like to read more about this, you can visit Ethereum Foundation’s blog post: The great renaming: what happened to Eth2?
This resource is not affiliated with Qadirah. As such, Qadirah cannot guarantee that the steps shown and the information provided will always be accurate.
Do I need 32 ETH to run a node?
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.
There are 2 types of nodes: block-producing, and non-block-producing.
Running a non-block-producing node is possible for anyone, and is strongly encouraged, as it helps secure the Ethereum network. The more nodes, the more decentralized the network.
Did The Merge reduce gas fees?
Unfortunately the answer to this is no.
Gas fees depend on the network’s capacity to handle transaction volume. 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.
Are transactions faster after The Merge?
No. Blocks are produced about 10% more frequently, but this won’t have a noticeable effect on transaction speed.
Does Qadirah support proof-of-work Ethereum (ETHPoW)?
Qadirah doesn’t support the old fork, also known as proof-of-work Ethereum, or ETHPoW.
Because Qadirah is a self-custody wallet, you have full access to your private keys. If you’re interested in learning more about how to access any forked coins, you can visit: How do I claim my forked coins?
Does Qadirah support ETH staking?
Currently, Qadirah does not support ETH staking. However, you can stake ETH with Lido using your Qadirah Web3 Wallet or WalletConnect in Qadirah Mobile.
To learn how to connect Qadirah with Lido, visit: Lido on Ethereum.
Qadirah supports earning rewards on 7 different cryptocurrencies! You can find more details here: How does staking work in Qadirah?
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