Sandeep Nailwal’s sees a crypto landscape controlled by Ethereum as well as layer twos communicating with the base chain.
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Polygon founder Sandeep Nailwal claimed Ethereum would certainly become the leading clever agreement procedure– with all various other completing layer 1sts dropping by the wayside.
Talking With Ran Neuner on the Crypto Small talk YouTube network, Nailwal explained his future vision of the crypto landscape:
” I do not believe there’s mosting likely to be a multi-layer 2 setting. There’ll be a layer 1 setting; there will certainly be one solitary layer 1, which is Ethereum in my mind.”
Individual task will certainly occur on layer twos that connect with the Ethereum base layer, claimed Nailwal.
Neuner claimed, “that’s a huge declaration,” as well as asked Nailwal to make clear whether if believes the similarity Solana, Aptos, Avalanche, as well as Cardano will ultimately vanish.
Nailwal claimed that none of the formerly discussed procedures had actually shown considerable grip, neither have their corresponding layer twos. Keeping that, he proclaimed that nothing else chain can take on Ethereum.
” I do not see any type of considerable grip on any one of these chains.”
The video clip evoked a wide variety of remarks– one individual explained that layers twos exist to spot the failings of the base layer which “brand-new layer 1sts” need no patching.
Others mentioned Nailwal’s shortsightedness for disregarding the multi-chain future.
Polygon distress
On Feb. 21, Polygon revealed reducing 20% of its labor force as a result of dominating macroeconomic problems.
Regardless of the decrease in head count, the firm claimed it continues to be in a solid economic placement– consisting of money holdings of over $250 million as well as a MATIC battle breast to the song of 1.9 billion symbols, valued at about $2.7 billion.
Customers discussed a hold-up in block manufacturing that lasted around 2 hrs on Feb. 22. Nailwal connected the concern to a trouble with the indigenous block traveler as well as suggested individuals make use of OKLink in the meanwhile.
