Empire

Inside Polygon 2.0: Sandeep on L2 Wars and Business Model

Sep 5, 2023

Sandeep Nailwal, co-founder of Polygon, discusses Polygon 2.0's approach to scalability and its role as the 'Value Layer of the Internet.' Topics include zk EVM, POL Tokenomics, strategic partnerships, and the 3 pillars for governance.

01:01:13

Episode guests

Sandeep Nailwal

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Polygon 2.0 aims to achieve infinite scalability and become the foundational 'Value Layer of the Internet,' offering trustless applications for mass adoption.

Polygon 2.0 introduces a three-pillar governance approach, including protocol governance, smart contract governance, and community treasury governance, aligning with the goal of securing, growing, and sustaining the ecosystem.

Transaction fees are a crucial metric for proof-of-stake protocols like Polygon, sustaining the network and indicating protocol success and sustainability.

Deep dives

Polygon 2.0: Creating Infinite Scalability and Unified Liquidity

Polygon 2.0 aims to create a Web3 infrastructure for mass adoption by offering infinite scalability and unified liquidity. The goal is to enable the development of trustless applications with the capacity to accommodate millions of daily active users. The architecture involves consolidating different parts of research, such as Polygon POS, ZK EVM, and NIDEN, into an environment that allows for multi-million user growth. The focus is on building financial rails for the new age finance world, with a vision of creating a network of tens of thousands of interconnected chains, settling back into Ethereum using ZK proofs and achieving near-instant cross-chain transactions. The goal is to become a top three project in the space, ensuring sustainable growth, adoption, and impact.

Introduction

3min

Building Scalable Infrastructure for DAPs

23min

Evaluating Competitors in the Ethereum Community

4min

Importance of Crypto Insurance and Introduction to Vouch

3min

Polygon 2.0 and its Infinite Scalability

21min

The Business Model of Polygon

5min

Exploring the Benefits of Polygon CDK and ZK Chains for App Chains

3min

In this episode of Empire, Sandeep Nailwal, co-founder of Polygon, elaborates on Polygon 2.0's bold approach to achieving infinite scalability in blockchain networks. Sandeep outlines his thesis for Polygon as not just a scalability solution, but as the foundational "Value Layer of the Internet." The conversation explores various components of Polygon 2.0 including it's innovation of zk EVM, POL Tokenomics, and the 3 pillars for governance. Nailwal also touches on Polygon's strategic partnerships with big brands like Reddit, Nike, and Starbucks, emphasizing their role in accelerating the mass adoption of the network.

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Timestamps:

(00:00) Why Polygon 2.0?

(07:53) Why is ZK the solution?

(25:06) Polygon 2.0 Competition

(28:49) Vouch Ad

(29:58) Permissionless

(31:22) POL Tokenomics

(38:17) 3 Governance Pillars

(43:56) The BD Chain Narrative

(53:11) The Business Model of Polygon

(58:32) Polygon CDK

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Resources

Polygon 2.0

https://polygon.technology/blog/introducing-polygon-2-0-the-value-layer-of-the-internet

zkEVM

https://polygon.technology/blog/whats-happening-on-polygon-zkevm-summer-edition

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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Empire

Inside Polygon 2.0: Sandeep on L2 Wars and Business Model

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Polygon 2.0: Creating Infinite Scalability and Unified Liquidity

Governance Evolution in Polygon 2.0: Three Pillars

Lessons from Polygon's BD Deals and Importance of Transaction Fees

The importance of decentralization in DeFi chains

Considerations for choosing a layer two chain

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Empire

Inside Polygon 2.0: Sandeep on L2 Wars and Business Model

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Polygon 2.0: Creating Infinite Scalability and Unified Liquidity

Governance Evolution in Polygon 2.0: Three Pillars

Lessons from Polygon's BD Deals and Importance of Transaction Fees

The importance of decentralization in DeFi chains

Considerations for choosing a layer two chain

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