What’s next for the future of Ethereum? Mihailo Bjelic from Polygon explains



With the transition to a scalable, energy-light proof-of-stake blockchain at play for Ethereum, many have solid doubts on the favored coin’s future, given the magnitude and complexity of the Merge improve. However, amongst outstanding stakeholders, one explicit venture stays closely bullish on Ethereum’s future, which is none apart from layer-two scaling resolution Polygon.

On the annual Ethereum Group Convention in Paris, Cointelegraph’s occasions supervisor, Maria A., spoke to Polygon’s vp of progress, Mihailo Bjelic, relating to the subject. Right here’s what Bjelic needed to say relating to the Merge:

“That is an improve on a stay community that has thousands and thousands of customers, billions in capital, and tens of hundreds of functions. It’s by no means simple, however the Merge has been within the works for over two years. All of the testnets have been profitable, the code has been audited, and so forth., so I believe we’re greater than prepared for the improve.”

Bjelic then defined that it’s greater than probably that Ethereum will endure the bear market and recuperate: “Two causes. First, it is the house of integration. It is the place all of the builders are, it is the place 90%-plus of exercise is going on. Tasks targeted on the cash will disappear, however the true builders will keep.” He continued: “The second cause is that Ethereum is probably the most safe, decentralized and programmable blockchain on the earth, by far. It’s completely positioned to be the middle of this multichain net that we’re attempting to construct to doubtlessly attain to billions of customers.”

Concurrent with this interview, Polygon introduced on Wednesday that it launched the Polygon zkEVM, or zero-knowledge Ethereum Digital Machine, that may doubtlessly scale the blockchain’s transaction output to even larger ranges. “It has full EVM compatibility, scalability and safety utilizing the facility of zero-knowledge proofs. I’d say this can be a main breakthrough by way of expertise,” stated Bjelic. On the adoption facet, Polygon has onboarded over 30,000 functions and 140 million consumer wallets since its inception.