With the transition to a scalable, energy-light proof-of-stake blockchain at play for Ethereum, many have solid doubts on the fashionable coin’s future, given the magnitude and complexity of the Merge improve. But, amongst outstanding stakeholders, one specific mission stays closely bullish on Ethereum’s future, which is none apart from layer-two scaling answer Polygon.
At the annual Ethereum Community Conference in Paris, Cointelegraph’s occasions supervisor, Maria A., spoke to Polygon’s vp of development, Mihailo Bjelic, relating to the subject. Here’s what Bjelic needed to say relating to the Merge:
“This is an upgrade on a live network that has millions of users, billions in capital, and tens of thousands of applications. It is never easy, but the Merge has been in the works for over two years. All the testnets have been successful, the code has been audited, etc., so I think we are more than ready for the upgrade.”
Bjelic then defined that it’s greater than possible that Ethereum will endure the bear market and recuperate: “Two reasons. First, it’s the home of integration. It’s where all the developers are, it’s where 90%-plus of activity is happening. Projects focused on the money will disappear, but the true developers will stay.” He continued: “The second reason is that Ethereum is the most secure, decentralized and programmable blockchain in the world, by far. It is perfectly positioned to be the center of this multichain web that we’re trying to build to potentially reach to billions of users.”
Concurrent with this interview, Polygon introduced on Wednesday that it launched the Polygon zkEVM, or zero-knowledge Ethereum Virtual Machine, that will probably scale the blockchain’s transaction output to even larger ranges. “It has full EVM compatibility, scalability and security using the power of zero-knowledge proofs. I would say this is a major breakthrough in terms of technology,” stated Bjelic. On the adoption aspect, Polygon has onboarded over 30,000 functions and 140 million consumer wallets since its inception.
