Polygon Hits Back Over This Criticism Of Their New Product Launch

    Polygon just lately made a giant announcement about their plan to launch zkEVM. zkEVM is a layer 2 scaling possibility that makes use of zero-knowledge rollups to scale Ethereum. 

    While most within the Polygon group celebrated the information, some critics have referred to as out Polygon over buying just a few elements of the zkEVM know-how. Emir Gun Sirer, the CEO of Ava Labs, took a dig at Polygon and mentioned that Ava Labs is proud to announce that they’ve constructed their know-how with home-grown talent

    The feedback from Sirer didn’t sit nicely with Polygon co-founder Sandeep, who referred to as him out for jealousy and acknowledged that Alt-L1 blockchains have an existential menace from L2 options like Polygon. 

    The Back and Forth, Explained

    Sandeep believes that just like the Ethereum merge, the zkEVM is a milestone for the Ethereum group. The firm believes that their zkEVM is totally equal to the Ethereum Virtual Machine and can enhance the velocity of transactions whereas lowering gasoline prices. 

    However, many critics have voiced the identical opinion as that of Sirer. Mudit Gupta, the Chief Information Security Officer of Polygon, hit again at these critics and acknowledged that the Web3 group wants higher critics. He famous that firm did the sensible factor of buying helpful applied sciences slightly than reinventing the wheel. 

    Polygon Executives Answer Other Criticisms

    The Zero-Knowledge rollup market has been extremely competitive within the final couple of days. zkSync and Scroll additionally made main bulletins relating to their ZK tasks. However, Mihailo Bjelic, one other co-founder of Polygon highlighted that zkSync isn’t fully open-source and Scroll solely helps a portion of EVM compatibility. 

    Moreover, Sandeep answered a number of critics’ queries relating to confusion between $MATIC and $ETH. He clarified that $MATIC would be the solely token used for all networks, nonetheless for gasoline charges, $ETH shall be used on all public chains. 

    The Polygon group and their prime executives stay bullish to achieve their aim of changing into the TOP 3 most influential blockchain after Bitcoin and Ethereum.

    Nidhish is a know-how fanatic, whose goal is to seek out elegant technical options to unravel a few of society’s largest points. He is a agency believer of decentralization and desires to work on the mainstream adoption of Blockchain. He can be large into nearly each widespread sports activities and likes to converse on all kinds of matters.

    The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.

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