Home Ethereum What’s next for the future of Ethereum? Polygon’s Mihailo Bjelic explains

What’s next for the future of Ethereum? Polygon’s Mihailo Bjelic explains

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What’s next for the future of Ethereum?  Polygon’s Mihailo Bjelic explains

With the transition to a scalable, low-energy proof-of-stake blockchain in play for Ethereum, many have cast doubts on the future of the popular coin, given the scale and complexity of staking. at Merge level. But, among major stakeholders, one particular project remains highly 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 it. Here’s what Bjelic had to say about the merger:

“This is an upgrade on a live network that has millions of users, billions of capital and tens of thousands of apps. It’s never easy, but the merger is happening. for over two years. All testnets passed, code audited, etc., so I think we’re more than ready for the update.”

Bjelic then explained that Ethereum is more than likely to endure the bear market and recover: “Two reasons. First, it is the home of innovation and development. This is where all the developers are, this is where more than 90% of the activity takes place. The money-driven projects will disappear, but the real developers will remain. He continued: “The second reason is that Ethereum is by far the most secure, decentralized and programmable blockchain in the world. It’s perfectly positioned to be the center of this multi-channel web that we’re trying to build to potentially reach billions of users.

Alongside this interview, Polygon announced on Wednesday that it launched the Polygon zkEVM, or a zero-knowledge Ethereum virtual machine, which could potentially scale the transaction output of the blockchain to even higher levels. “It offers full EVM compatibility, scalability and security through the power of evidence without knowledge. I would say this is a major breakthrough in terms of technology,” Bjelic said. On the adoption side, Polygon has onboarded over 30,000 apps and 140 million user wallets since its inception.