Bankless Polygon’s Endgame: Polygon 2.0 with Sandeep Nailwal & Mihailo Bjelic
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Jul 25, 2023 Sandeep Nailwal and Mihailo Bjelic, co-founders of Polygon, dive deep into the exciting launch of Polygon 2.0, emphasizing its advanced ZK technology for improved scalability. They counter claims of Polygon being 'just a sidechain' by showcasing its transformative shift to zkEVM and a multi-chain network. Discussions also cover the evolution of the MATIC token to POL, the introduction of a governance framework for community engagement, and the future landscape of crypto networks, painting a picture of Polygon's ambitious vision.
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Secret Acquisition
- At ETHCC 2021, Mihailo Bjelic received a secret phone call.
- Weeks later, Polygon announced the acquisition of Hermes, leading to the Polygon ZKEVM.
Polygon 2.0 Vision
- Polygon 2.0 aims to mirror Web2's infinite scalability and seamless data flow.
- It uses a multi-chain network of ZK-secured Layer 2s with an aggregator layer for unified liquidity.
ZK Proofs for Scaling
- ZK proofs enable scaling by proving computations without revealing all data.
- Polygon leverages this for faster, cheaper transactions with validity proofs and shorter withdrawal times.