Friday, September 29, 2023

Polygon (MATIC) Founder Predicts Future of Ethereum Ecosystem, Names Catalyst for Next 1,000,000,000 New Users

Must read

Polygon (MATIC) co-founder Sandeep Nailwal thinks his project could represent “the endgame” in terms of infrastructure for the Ethereum (ETH) ecosystem.

in a new interview on the Bankless podcast, Naiwal says that his project’s transition to Polygon 2.0 doesn’t require any research at this point, just engineering optimization.

“I think the Polygon 2.0 vision actually is, we believe, the endgame for any infrastructure provider. I was saying whether Polygon implements it or somebody else implements it, this looks to be an infrastructure or architecture which can resolve the infrastructure era of blockchain. Not only for Polygon…

The end of the infrastructure era of Web3 would be where you have a network which is infinitely scalable and it’s composable across the network, right?”

Nailwal says Web3 will succeed when applications are able to take center stage in the crypto world rather than the infrastructure providers.

“It should be the apps, which are actually building useful applications for the users. They should be the heroes of this, and this will only happen when this infrastructure war and infrastructure era, at least stage one of this infrastructure era, is over, and we have a decent enough infrastructure which can scale Web3 to 200 million users or even like a billion users.”

Polygon Labs, the company behind the Ethereum scaling solution, recently rolled out a white paper outlining future transformations for the platform’s native token.

The company says the technical proposal aims to improve the MATIC token and rename it to POL. Polygon Labs says the upgraded token can supercharge the growth of the network as it transitions to Polygon 2.0.


Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Source link

More articles


Please enter your comment!
Please enter your name here

Latest article