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What does the future of Ethereum look like? Polygon's Mihailo Bjelic explained

 


With Ethereum transitioning to a scalable and low-power proof-of-stake blockchain, many people have expressed skepticism about the future of the popular coin given the scale and complexity of the merge upgrade. But Layer 2 scaling solution Polygon remains optimistic about Ethereum's future.


At the annual Ethereum Community Conference in Paris, Maria A., Events Manager at Cointelegraph, spoke to Mihailo Bjelic, Vice President of Growth at Polygon, about exactly this. Bjelic commented on the merge like this:


"This is an upgrade on a network that's online, has millions of users, billions in capital, and tens of thousands of applications. It's never easy, but the merge has been in the works for over two years. All merge testnets were successful, code reviewed, etc. So I think we're more than ready for the upgrade."

Bjelic then explained that it is more than likely that Ethereum will survive the bear market and recover: "For two reasons. First, this is the home of integration. That's where all the developers are, that's where 90 percent and more of the activity happens. Projects, those looking for money will go away, but the true developers will remain." He also said: "The second reason is that Ethereum is by far the most secure, decentralized and programmable blockchain in the world. It is in the perfect position to be the center of this multichain web that we want to build, at potentially billions." reachable by users."


Polygon also announced on Wednesday that it has launched the Polygon zkEVM (Zero-knowledge Ethereum Virtual Machine) , which could potentially scale the blockchain's transaction output even further. "It offers full EVM compatibility, scalability and security with the help of zero-knowledge proofs . I would say that this is a major technological breakthrough," said Bjelic. In terms of adoption, Polygon has integrated over 30,000 applications and 140 million user wallets since its inception.

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