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 outstanding stakeholders, one explicit undertaking stays closely bullish on Ethereum’s future, which is none apart from layer-two scaling answer Polygon.

On the annual Ethereum Neighborhood Convention in Paris, Cointelegraph’s occasions supervisor, Maria A., spoke to Polygon’s vp of progress, 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 hundreds of thousands of customers, billions in capital, and tens of 1000’s of purposes. 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 many others., so I believe we’re greater than prepared for the improve.”

Bjelic then defined that it’s greater than seemingly that Ethereum will endure the bear market and get better: “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. Initiatives centered on the cash will disappear, however the true builders will keep.” He continued: “The second purpose 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 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 higher ranges. “It has full EVM compatibility, scalability and safety utilizing the facility of zero-knowledge proofs. I might say it is a main breakthrough by way of expertise,” mentioned Bjelic. On the adoption facet, Polygon has onboarded over 30,000 purposes and 140 million consumer wallets since its inception.