Polygon co-founder Sandeep Nailwal stated Ethereum would emerge because the dominant good contract protocol — with all different competing layer 1s throwing in the towel.
Talking to Ran Neuner on the Crypto Banter YouTube channel, Nailwal described his future imaginative and prescient of the crypto panorama:
“I don’t suppose there’s going to be a multi-layer 2 setting. There’ll be a layer 1 setting; there shall be one single layer 1, which is Ethereum in my thoughts.”
Person exercise will occur on layer 2s that work together with the Ethereum base layer, stated Nailwal.
Neuner stated, “that’s an enormous assertion,” and requested Nailwal to make clear whether or not if thinks the likes of Solana, Aptos, Avalanche, and Cardano will finally disappear.
Nailwal stated that not one of the beforehand talked about protocols had demonstrated important traction, nor have their respective layer 2s. With that, he declared that no different chain might compete with Ethereum.
“I don’t see any important traction on any of those chains.”
The video elicited a variety of feedback — one person identified that layers 2s exist to patch the failings of the bottom layer and that “new layer 1s” require no patching.
Others spoke of Nailwal’s shortsightedness for dismissing the multi-chain future.
Polygon woes
On Feb. 21, Polygon introduced chopping 20% of its workforce resulting from prevailing macroeconomic situations.
Regardless of the discount in headcount, the corporate stated it stays in a robust monetary place — together with money holdings of over $250 million and a MATIC battle chest to the tune of 1.9 billion tokens, valued at roughly $2.7 billion.
Customers talked about a delay in block manufacturing that lasted round two hours on Feb. 22. Nailwal attributed the difficulty to an issue with the native block explorer and really useful customers use OKLink within the meantime.
