Polygon is the eleventh largest cryptocurrency on this planet – it actually wants no introduction. Thought-about by many because the flagship Layer 2, it helps remedy a reasonably large downside – that Ethereum is a troublesome cryptocurrency to make use of.
Even Vitalik has stated that the longer term is a roll-up financial system, with Ethereum as a Layer 1, with initiatives resembling Polygon proper there in order that common individuals can, you already know, really use it – with out taking a mortgage out to pay for gasoline charges.
I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to talk all issues DeFi and Polygon. We bounced round lots, however lined on nice subjects.
We began out technical, for any of you nerds on the market. Hamzah chats about zkEVM, or zero-knowledge roll-up expertise, which Polygon introduced final week had gone dwell in testnet kind, thrilling many across the business.
It was additionally powerful to keep away from the Reddit Polygon craze this has been ongoing for the reason that weekend, with the huge NFT assortment hovering to succeed in over three million customers on the social media website. Hamzah talks of the behind-the-scenes chat with Reddit, as the corporate launched the NFTs on Polygon, after all.
We jumped round all of DeFi, actually. We mentioned how the TVL has come down a lot, how Hamzah refers to TVL as “momentary worth locked” given its transience, and the way the fame of the business took successful this previous yr as CeFi went underneath – regardless of DeFi trucking alongside so easily.
I obtained my favorite line in there as all the time – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he thought of gasoline charges, and whether or not it should ever be solved. And if that’s the case, what does a future appear to be for Polygon?
I hosted @Polygon‘s Head of DeFi, @_khanhamzah, on the @CoinJournal podcast this week
We chatted DeFi, the brand new zkEVM, Reddit NFTs, scalability, the way forward for Ethereum as a settlement layer, Vitalik’s feedback on centralisation and extra⬇️$MATIChttps://t.co/zYIEfqnAr6
— Dan Ashmore (@DanniiAshmore) October 27, 2022
I additionally put the query to Hamzah concerning the centralisation of DeFi. With a lot of the area operating on centralised stablecoins (even Vitalik stated not too long ago that Tether, Circle and different suppliers may affect the route of future Ethereum forks), is without doubt one of the pillars of DeFi being compromised? And extra apparently, does it have it to be, or is there an alternate?
We dance round these and lots of extra subjects, however that is at its coronary heart a 30-minute dialogue on DeFi and Polygon, and what position Polygon may play sooner or later.
As all the time, I’m open to feedback both right here or on Twitter – and hyperlinks to hear are under.
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