Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies Sandeep Nailwal: Polygon 2.0 - The New Value Layer of the Internet?
Aug 18, 2023
Sandeep Nailwal, co-founder of Polygon, discusses Polygon 2.0, tokenomics, rollup interoperability, staking decentralization, and the multi-chain future outlook. They also explore the importance of trustless decentralized systems, differentiating between optimistic rollups and ZK rollups, and Polygon's role in blockchain construction and cross-chain interoperability.
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Blockchains Lower The Cost Of Freedom
- Sandeep Nailwal frames blockchains as tools that reduce the cost of providing freedom and democracy.
- He argues Web3's purpose is to empower individuals and decentralize institutional power.
From Plasma Experiment To Mass Adoption
- Polygon originally launched using Plasma and a POS sidechain during early scaling experiments.
- User preference shifted toward the EVM side, which drove Polygon's unexpected growth into a large ecosystem.
ZK As The Endgame For Scaling
- Polygon decided ZK proofs are the endgame for scaling because they provide validity proofs instead of slow fraud proofs.
- The team merged multiple ZK projects and launched a ZK VM in March 2023 to lead in validity-rollup tech.