With the transition to a scalable blockchain and the use of Ethereum’s proof-of-stake (called “the Merge”) has left many people questioning the future of the coin. due to the size and complexity of the upgrades involved. But among prominent stakeholders, Polygon finds that there is still considerable strength in the future of Ethereum.
At the annual Ethereum Community Conference in Paris, Maria A. Event Manager of Cointelegraph spoke with Mihailo Bjelic, VP of Growth at Polygon, about the topic.
“This is an upgrade on a network of millions of users. There are billions of capital and tens of thousands of applications It’s not easy, but the Merge has been going on for over two years. By doing the test in the network all testnets were successful and the code was verified so I think we are ready for the upgrade.”
Mihailo explains that it is more likely that Ethereum will bear the bear market and recover. “For two reasons; The first is integration, as Ethereum is where all developers come together, where 90%+ of activity takes place here. and money-focused projects will disappear. But the real developers will remain,” he continued:
“The second reason is that Ethereum is the most secure, decentralized, and programmable blockchain in the world. And it is perfectly positioned to be the hub of the multi-chain web that we are trying to build to reach billions of users.”
Polygon announced Wednesday that it hasdebut Polygon zkEVM, or zero-knowledge Ethereum Virtual Machine, which may expand blockchain transactions to even greater levels. “Has EVM compatibility, scalability. With the power of zero-knowledge proofs, I would say this is a major breakthrough in terms of technology,” Mihailo said.
Polygon has over 30,000 applications and 140 million user wallets since its inception.
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