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 clear up a fairly large downside – that Ethereum is a troublesome cryptocurrency to make use of.
Even Vitalik has mentioned that the longer term is a roll-up economic system, with Ethereum as a Layer 1, with initiatives resembling Polygon proper there in order that common individuals can, you recognize, really use it – with out taking a mortgage out to pay for fuel charges.
I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to speak all issues DeFi and Polygon. We bounced round lots, however lined on nice matters.
We began out technical, for any of you nerds on the market. Hamzah chats about zkEVM, or zero-knowledge roll-up know-how, which Polygon introduced final week had gone dwell in testnet type, thrilling many across the trade.
It was additionally robust to keep away from the Reddit Polygon craze this has been ongoing for the reason that weekend, with the large NFT assortment hovering to achieve over three million customers on the social media web site. 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 popularity of the trade took successful this previous 12 months as CeFi went underneath – regardless of DeFi trucking alongside so easily.
I bought my favorite line in there as at all times – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he considered fuel charges, and whether or not it’s going to ever be solved. And if that’s the case, what does a future appear to be for Polygon?
I additionally put the query to Hamzah concerning the centralisation of DeFi. With a lot of the house working on centralised stablecoins (even Vitalik mentioned not too long ago that Tether, Circle and different suppliers may affect the path of future Ethereum forks), is among the pillars of DeFi being compromised? And extra curiously, does it have it to be, or is there another?
We dance round these and plenty of extra matters, 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 at all times, I’m open to feedback both right here or on Twitter – and hyperlinks to hear are beneath.