The discussion at the Black Blockchain Summit 2022 focused on the Ethereum 2.0 merge, highlighting that this upgrade shifts Ethereum from proof-of-work to proof-of-stake, making it much more energy-efficient and faster. Users won’t notice immediate changes, and their funds remain safe without needing any action. However, gas fees won’t decrease right away because fees depend on network demand, not supply. Miners impacted by the merge may create a fork to continue mining, but major platforms will support the proof-of-stake chain. The upgrade has been thoroughly tested and is expected to succeed smoothly. Staking requires 32 ETH to become a validator, but smaller holders can still earn rewards indirectly. Overall, the merge marks a critical milestone, opening doors to new features and strengthening Ethereum’s ecosystem, while addressing environmental concerns, with excitement about its future growth.
