What MATIC investors should anticipate post-Ethereum Merge
As the Ethereum [ETH] transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) draws nearer, it is expected that specific crypto projects might be affected by the switch. Some might get a good outcome.
For others, the consequence might be negative. One of such is Polygon [MATIC], the scaling solution that runs on the Ethereum blockchain.
Responding to talk about the possible effects in an official communique, Polygon said its investors have almost nothing to worry about.
According to the statement released via Polygon’s blog, the Merge would only produce good news for its network. In summary, the web3 infrastructure noted that the outcome would be an “environmentally-friendly scaling solution.” But how would the ETH Merge influence this potential scalability?
While the translation might not result in lower gas fees for ETH, Polygon said it would for MATIC. Citing a possible 99.5% reduction in energy consumption, Polygon encouraged its community to look forward to a further increase in transaction speed besides the cheaper fees.
Another point of the announcement was the possibility of an improved security infrastructure on the Polygon network. The statement read,
“The merge fixes the massive carbon footprint of Ethereum, arguably beefing up Ethereum’s security, and reducing ETH inflation. Polygon gains from Ethereum’s improved security and general growth to the ecosystem.”
Polygon is not the only one that could gain from the Merge. Ethereum would also derive better scalability from Polygon due to its zero-Knowledge Ethereum Virtual Machine (zkEVM).
With Polygon aiming to be the go-to platform for Decentralized Applications (DApps) development, the Merge could drive it closer to achieving this objective.
The carbon-neutral
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