was successful. people can assume the switch in September. Is this serious competition for us?
Not in my opinion. They scale the transaction to a max of 100.000 tps, prob 10 state channels can do better. More important(from ethereum.org): Misconception: "The Merge will reduce gas fees." False. The Merge is a change of consensus mechanism, not an expansion of network capacity, and will not result in lower gas fees. Misconception: "Transactions will be noticeably faster after The Merge." False. Though some slight changes exist, transaction speed will mostly remain the same on layer 1.
The Merge will reduce Ethereum's energy consumption by ~99.95%. Therefore u don't need to pay any longer hundreds of dollar for fees.
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