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 forged doubts on the favored coin’s future, given the magnitude and complexity of the Merge improve. However, amongst distinguished stakeholders, one specific mission stays closely bullish on Ethereum’s future, which is none aside from layer-two scaling answer Polygon.

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

“That is an improve on a reside community that has tens of millions of customers, billions in capital, and tens of 1000’s of functions. It’s by no means straightforward, 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 feel we’re greater than prepared for the improve.”

Bjelic then defined that it’s greater than doubtless that Ethereum will endure the bear market and get well: “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 occurring. Tasks targeted on the cash will disappear, however the true builders will keep.” He continued: “The second cause is that Ethereum is essentially the most safe, decentralized and programmable blockchain on the planet, by far. It’s completely positioned to be the middle of this multichain internet that we’re making an attempt to construct to probably 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 will probably 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 when it comes to know-how,” mentioned Bjelic. On the adoption aspect, Polygon has onboarded over 30,000 functions and 140 million consumer wallets since its inception.