Unchained Unconfirmed: Polygon: The Layer 2 Solution Doing 8 Times as Many Transactions a Day as Ethereum - Ep.247
Jun 18, 2021
Jaynti Kanani, Co-founder and CEO of Polygon, shares insights on how his layer-2 scaling solution thrived amidst a down crypto market. He highlights the impressive year-to-date performance of Polygon and its transformative impact on Ethereum transactions. Audiences will learn about the diverse projects flourishing on Polygon, its cutting-edge technology that enhances efficiency, and its strategic plans for future funding. Jaynti also addresses the significance of Polygon post-ETH 2.0, showcasing its potential to remain vital in the evolving blockchain landscape.
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Polygon's Rise
- Polygon's success stems from its readiness for production amidst the NFT and DeFi booms, offering a cheaper, faster alternative to Ethereum.
- This positioned Polygon as a key layer-two solution, paving the way for others by demonstrating immediate scalability.
Polygon's Scaling Approach
- Polygon started with Plasma, focusing on account-based scaling similar to Ethereum for easy developer migration.
- A Proof-of-Stake bridge allows arbitrary state changes, making Polygon essentially a faster, cheaper sister chain to Ethereum.
User Experience on Polygon
- Polygon offers a similar user experience to Ethereum but with faster transaction speeds and lower costs.
- Users simply need to add a URL to MetaMask or use compatible mobile wallets.