Using the transition to some scalable, energy-light proof-of-stake blockchain playing for Ethereum, many have cast doubts around the popular coin’s future, because of the magnitude and complexity from the Merge upgrade. But, among prominent stakeholders, a particular project remains heavily bullish on Ethereum’s future, that is the one and only layer-two scaling solution Polygon.
In the annual Ethereum Community Conference in Paris, Cointelegraph’s occasions manager, Maria A., spoke to Polygon’s v . p . of growth, Mihailo Bjelic, concerning the subject. Here’s what Bjelic needed to say concerning the Merge:
“It is really an replace on an active network which has countless users, billions in capital, and thousands of applications. It’s never easy, however the Merge has developed in the works best for over 2 yrs. All of the testnets happen to be effective, the code continues to be audited, etc., and so i think we’re greater than ready for that upgrade.”
Bjelic then described that it is most likely that Ethereum will endure the bear market and recover: “Two reasons. First, it’s the house of integration. It’s where all of the developers are, it’s where 90%-plus of activity is going on. Projects centered on the cash will appear reduced, however the true developers will remain.” He ongoing: “The second reason is the fact that Ethereum is easily the most secure, decentralized and programmable blockchain on the planet, undoubtedly. It’s perfectly positioned is the center of the multichain web that we are attempting to build to potentially achieve to vast amounts of users.”
Concurrent with this particular interview, Polygon announced on Wednesday it launched the Polygon zkEVM, or zero-understanding Ethereum Virtual Machine, that will potentially scale the blockchain’s transaction output to increased levels. “It has full EVM compatibility, scalability and security using only zero-understanding proofs. I’d say this can be a major breakthrough when it comes to technology,” stated Bjelic. Around the adoption side, Polygon has onboarded over 30,000 applications and 140 million user wallets since its beginning.