Merge has been in the works for over two years, and it’s almost here.
Many have expressed doubts about Ethereum’s future after the massive and complex Merge upgrade was implemented for the popular coin. However, one particular project, layer-two scaling solution Polygon, is utterly confident in Ethereum’s long-term prospects.
The Merge is a smart contract upgrade that aims to combine the best features of its predecessors. Polygon’s vice president of growth, Mihailo Bjelic, spoke with Cointelegraph’s events manager, Maria A., about the issue at the annual Ethereum Community Conference in Paris. Here is what Bjelic had to say about the Merge: “This is an upgrade on a live network with millions of users, billions of dollars in capital, and tens of thousands of applications. It’s never easy; however, the Merge has been planned for over two years. All testnets have succeeded; the code has been audited; and so I think we’re more than ready for this leap.”
“I believe that Ethereum will survive the bear market and recover,” he said. “There are two reasons. First, it’s a home of integration. It’s where all the developers are; it’s where 90% of activity takes place. Projects focused on money will go away, but real developers will remain.”
“The first is that, because Ethereum is the most secure, decentralized, and programmable blockchain in the world by far, it’s ideally positioned to be the core of this multichain network we’re attempting to build to reach billions of users.”
On the same day, Polygon announced the release of its zkEVM, or zero-knowledge Ethereum Virtual Machine, which would potentially scale the blockchain’s transaction output to even greater heights. “It has full EVM compatibility, scalability and security using the power of zero-knowledge proofs,” it adds.
“The blockchain technology is a game-changing innovation, and I consider this to be a major step forward in terms of technology,” said Bjelic. “Polycoin has onboarded over 30,000 apps and 140 million user wallets since its inception.”
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