What's next for the future of Ethereum? Polygon's Mihailo Bjelic explains
The long-awaited Merge update has been in the works for over two years.
New
With the transition to a scalable, low-energy proof-of-stake blockchain in play for Ethereum, many have cast doubt on the future of the popular coin, given the scale and complexity of the Merge upgrade. But, among major stakeholders, one particular project remains very optimistic about the future of Ethereum, which is none other than the layer-two scaling solution Polygon.
During the annual Ethereum community conference in Paris, Cointelegraph's head of events, Maria A., spoke with Polygon's vice president of growth, Mihailo Bjelic, about the topic. Here's what Bjelic had to say about the merger:
"It's an upgrade on an active network that has millions of users, billions of capital, and tens of thousands of apps. It's never easy, but merging is been running for over two years. All testnets passed, code audited, etc., so I think we're more than ready for the update."
Bjelic went on to explain that Ethereum is more than likely to weather the bear market and recover: “Two reasons. developers, that's where over 90% of the business is happening. Money-focused projects will go away, but the real developers will stay. He continued, "The second reason is that Ethereum is by far the most secure, decentralized and programmable blockchain in the world. It is perfectly positioned to be the center of this multi-chain web that we are trying to build to potentially reach billions of users."
Along with this interview, Polygon announced on Wednesday that it has launched the Polygon zkEVM, or Ethereum zero-knowledge virtual machine, which could potentially scale the output of blockchain transactions to even greater levels. “It provides full EVM compatibility, scalability and security through the power of zero-knowledge proofs. I would say this is a major breakthrough in terms of technology,” Bjelic said. On the adoption side, Polygon has integrated more than 30,000 apps per...
The long-awaited Merge update has been in the works for over two years.
New
With the transition to a scalable, low-energy proof-of-stake blockchain in play for Ethereum, many have cast doubt on the future of the popular coin, given the scale and complexity of the Merge upgrade. But, among major stakeholders, one particular project remains very optimistic about the future of Ethereum, which is none other than the layer-two scaling solution Polygon.
During the annual Ethereum community conference in Paris, Cointelegraph's head of events, Maria A., spoke with Polygon's vice president of growth, Mihailo Bjelic, about the topic. Here's what Bjelic had to say about the merger:
"It's an upgrade on an active network that has millions of users, billions of capital, and tens of thousands of apps. It's never easy, but merging is been running for over two years. All testnets passed, code audited, etc., so I think we're more than ready for the update."
Bjelic went on to explain that Ethereum is more than likely to weather the bear market and recover: “Two reasons. developers, that's where over 90% of the business is happening. Money-focused projects will go away, but the real developers will stay. He continued, "The second reason is that Ethereum is by far the most secure, decentralized and programmable blockchain in the world. It is perfectly positioned to be the center of this multi-chain web that we are trying to build to potentially reach billions of users."
Along with this interview, Polygon announced on Wednesday that it has launched the Polygon zkEVM, or Ethereum zero-knowledge virtual machine, which could potentially scale the output of blockchain transactions to even greater levels. “It provides full EVM compatibility, scalability and security through the power of zero-knowledge proofs. I would say this is a major breakthrough in terms of technology,” Bjelic said. On the adoption side, Polygon has integrated more than 30,000 apps per...
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