Bankless 94 - The Swiss Army Knife of Scaling | Polygon's Sandeep Nailwal & Mihailo Bjelic
Nov 29, 2021
Sandeep Nailwal and Mihailo Bjelic, co-founders of Polygon, dive into the innovative scaling solutions they offer for Ethereum. They address recent controversies about Ethereum's future, emphasizing that it is not abandoning its users. The duo highlights Polygon's partnerships, including one with DraftKings, and showcases their advances in the Metaverse, zkRollups, and the importance of collaboration over competition. They also explore the unique role of the MATIC token and the expansive growth of the Polygon ecosystem with over 5,000 teams onboard.
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Ethereum's Dominance
- Ethereum has emerged as the dominant Web3 settlement layer due to network effects and a hard-money native asset.
- Its layer-two scaling solutions, like Polygon, prove its scalability potential.
The Abandoning Ethereum Drama
- Su Zhu's tweet about abandoning Ethereum gained significant traction, sparking debate.
- This highlighted the tension between Ethereum's high gas fees and the desire for broader accessibility.
Ethereum's Value Proposition
- Ethereum's high gas fees reflect the high value transacted on its mainnet.
- For smaller transactions, layer-two solutions like Polygon offer a cost-effective alternative.