Polygon is the eleventh greatest cryptocurrency on the earth – it actually wants no introduction. Thought of by many because the flagship Layer 2, it helps remedy a fairly large downside – that Ethereum is a tricky cryptocurrency to make use of.
Even Vitalik has stated that the long run is a roll-up financial system, with Ethereum as a Layer 1, with tasks 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 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 coated 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 kind, thrilling many across the trade.
It was additionally robust to keep away from the Reddit Polygon craze this has been ongoing because the 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 “short-term worth locked” given its transience, and the way the popularity of the trade took a success this previous 12 months as CeFi went underneath – regardless of DeFi trucking alongside so easily.
I received my favorite line in there as all the time – 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 in that case, what does a future seem like for Polygon?
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 lately that Tether, Circle and different suppliers may affect the route of future Ethereum forks), is likely one of the pillars of DeFi being compromised? And extra apparently, does it have it to be, or is there another?
We dance round these and lots 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 all the time, I’m open to feedback both right here or on Twitter – and hyperlinks to pay attention are beneath.