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The long-awaited merger of Ethereum is scheduled for September. This is a major step towards improving Ethereum’s scalability while maintaining its decentralized nature.
While talking about the integration at EthCC, Ethereum founder Vitalik Buterin said the integration would only complete the Ethereum development process by 40%. He added that it would move into the future. The focus is on removing the load from the Ethereum mainnet. In addition to handling most transactions, Vitalik said Layer 2 needs to eliminate the need for Ethereum nodes to store the entire blockchain history.
Looking at Vitalik Buterin’s story, it’s clear that as Ethereum continues to evolve, there are cryptocurrencies in the Ethereum ecosystem with large yields set.
Below are some of the cryptocurrencies that are most likely to succeed for those interested in crypto as Ethereum evolves into a more decentralized and scalable internet computer.
Vitalik Buterin specifically referred to The Graph (GRT) as one of the cryptocurrency projects that will play a major role in Ethereum’s future growth. According to Buterin, graphs are a valuable tool that can be used to store Ethereum historical data instead of keeping it on the chain.
This is a big problem as it puts the graph at the forefront of cryptocurrencies where the future is directly linked to the future of Ethereum. Already, after the comments Buterin made about it at EthCC, the graph shows a positive signal. Most cryptocurrencies have eased a bit in the last 24 hours, but the value of the graph continues to skyrocket.
This shows that investors are excited about the role of graphs in the future Ethereum ecosystem. As this use case materializes, Graph stands out as one of the cryptocurrencies with strong growth potential.
Polygon is one of the best performing cryptocurrencies this week. Over the last seven days, Polygon has risen by 30%, gaining momentum. This is largely driven by the news that Disney has added polygons to its accelerator program.
But the more important news is that the Polygon team is working hard to make Polygon stand out as one of the best Ethereum Layer 2s on the market. Earlier this week, Polygon co-founder Bjeric said he was committed to Ethereum and aims to give back to the Ethereum ecosystem.
Many speculate that the repayment is in the form of the launch of Polygon Hermes. Hermez introduces zero-knowledge proofs (Zk Rollups) in Polygon. This not only improves Polygon scaling (for the benefit of Ethereum), but also significantly improves security. This is because Zk Rollups allows you to validate a transaction without revealing the identity of the transaction that validates the transaction.
With Ethereum set to establish its dominance after the merger, Polygon is now encountered as the top cryptocurrency worth investing in. As Ethereum grows, so does MATIC.
