The long-awaited Ethereum merger is scheduled for September. It is a significant step in increasing Ethereum’s scalability while preserving its decentralized nature.
While speaking about the merger at the EthCC, Ethereum’s founder, Vitalik Buterin, stated that the merger will only bring Ethereum’s development process to 40% completion. He also stated that in the future, the emphasis will be on relieving the stress on the Ethereum mainnet. In addition to layer-2 handling most transactions, Vitalik stated that there was a need to eliminate the requirement for Ethereum nodes to record the blockchain’s whole history.
According to Vitalik Buterin’s talk, it is apparent that as Ethereum evolves, there will be cryptocurrencies within the Ethereum ecosystem that will benefit greatly.
For everyone interested in cryptocurrency, here are some of the cryptocurrencies that are most likely to flourish as Ethereum matures into a more decentralized and scalable internet computer.
The Graph (GRT)
Vitalik Buterin particularly mentioned The Graph (GRT) as one of the cryptocurrency projects that would play a significant role in Ethereum’s future growth. Buterin believes that The Graph is a valuable tool that can be used to preserve Ethereum’s historical data rather than maintaining it on-chain.
This is significant because it places The Graph at the vanguard of cryptocurrencies whose destinies are inextricably linked to that of Ethereum. After Buterin’s statements about it at the EthCC, The Graph is already showing positive signs. While most cryptocurrencies have slowed in the previous 24 hours, The Graph has continued to rise in value.
It indicates that investors are optimistic about The Graph’s future involvement in the Ethereum ecosystem. As this use case develops, The Graph emerges as one of the cryptocurrencies with significant growth potential.
This week, Polygon is one among the best-performing cryptocurrencies. Polygon is up 30% in the previous seven days, and bullish momentum is building. This is largely due to the announcement that Disney has recruited Polygon to its Accelerator program.
The more important news, however, is that the Polygon team is working hard to establish Polygon as one of the top Ethereum layer-2s on the market. Earlier this week, Polygon co-founder Bjeric stated that the company was committed to Ethereum and wanted to contribute to the Ethereum ecosystem.
Many people believe that the giving back will take the form of launching Polygon Hermez. Hermez will introduce Polygon to zero-knowledge proofs (Zk Rollups). This will not only help Polygon scale better (which will benefit Ethereum), but it will also dramatically increase security. This is due to the fact that Zk Rollups allow you to authenticate a transaction without revealing your identify.
With Ethereum poised to consolidate its supremacy following the merger, Polygon appears to be a top cryptocurrency worth buying in right now. MATIC is likely to grow in tandem with Ethereum.