![]() But we are also looking at other options, either other types of Liquid staking or even native staking through a Ledger in-house solution.Īt Ledger we are consistently listening to users’ feedback. Regarding Ethereum staking, you can already stake your ETH through the LIDO Live App. This improvement requires heavy engineering, so stay tuned! Remember, the trusted display of your hardware wallet is the only secure source of information when validating a transaction. Not only on the Ledger Live interface, but most importantly on your hardware wallet screen. ![]() We are also currently looking into Ethereum Name Service (ENS) support. The idea of EIP-1559 is to get rid of the first-price auction and replace it with a fixed-price sale, enabling you to have better estimates and more predictable transaction fees. We are currently working hard on implementing the EIP-1559 upgrade to your Ledger Live app. Watch out for Twitter accounts named ‘Ethereum support’ that require your personal information or remote access to your computer.Īnd never, ever share your recovery phrase with anyone.No official airdrops have been confirmed by the Ethereum Foundation. ![]() There is only ETH (before and after the Merge) There is no such thing as ETH2 tokens.Airdrop schemes, fake tokens, mining pool frauds, you name it. With the Merge now live, so are all kinds of scams. we’re seeing transactions go through again), we decided to open them up ETH transactions to users again.īeware of scams! There is no such thing as ETH2 tokens Now that all our systems are back to green (i.e. And that’s why we have decided to temporarily halt services generating ETH transactions on Ledger.īut don’t worry: everything is now back to normal. With The Merge now live, block builders have changed. Because it’s a fusion, as a user, there’s absolutely nothing for you to do: the entire history and state of Ethereum remains intact. It’s important to understand that The Merge refers to the fusion of the current Mainnet we’re using today into the Beacon Chain, which is the new consensus layer. Whether The Merge will bring more decentralization to Ethereum will be watched closely over upcoming months.” Fabrice Dautriat, Head of Developer Ecosystem at Ledger, believes that “consensus mechanism replacement is a leap into the unknown in terms of decentralization and game theory. For them, this means powering down their rigs, losing a source of income, and bearing the cost of the expensive and potentially useless mining equipment.”īy shifting Ethereum towards Proof-of-Stake, The Merge also raises new challenges. What are the implications of The Merge on ETH proof-of-work miners? As Charles Guillemet puts it: “With The Merge now live, miners are replaced by validators that don’t use GPUs to process transactions. You only need to use your laptop and ‘stake’ a certain amount of crypto to validate transactions.įor Charles Guillemet, CTO at Ledger, “The Merge is one of the milestones on a long roadmap towards making Web3 use cases more easily accessible to hundreds of millions of users around the world.” Concretely, you don’t need a mining computer to participate in the network validation anymore. But The Merge marks a full transition towards Proof-of-Stake, eliminating the need for energy-intensive mining and securing the network with staked ETH. Proof-of-work is out, proof-of-stake is inĮthereum’s blockchain currently runs on a Proof-of-Work consensus mechanism, just like Bitcoin. What is the impact on the Ethereum ecosystem? What does it mean for Ethereum miners? Does it affect Ledger users? Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is the most significant enhancement to the network to date.Īs The Merge unfolds, key questions are arising. The long-awaited Merge, one of the most closely watched shifts in the crypto world, is now live. – The Merge marks a full transition towards Proof of Stake for Ethereum, eliminating the need for energy-intensive mining and instead securing the network with staked ETH. – All ETH transactions are functional again for Ledger Enterprise users too. – While we have paused services generating ETH transactions to ensure your transactions don’t get caught during The Merge, you can now make ETH transactions as usual. – For Ledger Live* and Nano users, this software upgrade does not require any action on your side. It’s a long-awaited moment for the crypto industry.
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