ETHERIUM 2.0 Aftermath: 2Hours Before Merge What you need to know!

The Merge is the second step in the evolution of the Ethereum blockchain. It is an upcoming process that will see the existing transaction layer merged with the recently launched consensus layer (the Beacon chain). This will form a mainnet network secured by proof-of stake, while still maintaining the Ethereum state.

Will The Merge reduce Ethereum gas fees?

No. The switch to Proof-of-Stake doesn’t really change anything about the network itself. It just means that miners can no longer stake Ether to produce new blocks. They’re still rewarded for validating transactions (and producing blocks) through transaction fees. So, yes, the cost of running an Ethereum node could go down if block production increases. But the cost of running a node won’t decrease because the total amount of Ether staked per block remains constant.

Will The Merge increase ETH transaction speed?
No. The Merge does not change how often blocks are produced. Blocks are still being produced approximately every 14 seconds. However, following The Merge, a new Block will be produced every 12 seconds. That means transactions will be confirmed about 10% faster in most situations.

What will be the impact to ETH holders?
There is none, you will not need to do anything with your funds. There will be no airdrop. After the merge, ETH, NFT and ERC20 balances will remain as it is.

What to look forward after the merge?
Instead of mining ETH, users who stake ETH will help secure the Ethereum Network thus you can now earn rewards by staking their ETH with a period of 6–12 months. Of course a significant reduce in negative effects of mining in global scale.

ref: here