Polygon is the eleventh largest cryptocurrency on the earth – it actually wants no introduction. Considered by many because the flagship Layer 2, it helps remedy a reasonably large drawback – that Ethereum is a tricky 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 tasks reminiscent of Polygon proper there in order that common folks can, you understand, 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 rather a lot, 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 expertise, which Polygon introduced final week had gone dwell in testnet type, thrilling many across the business.
It was additionally robust to keep away from the Reddit Polygon craze this has been ongoing because the weekend, with the huge 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, in fact.
We jumped round all of DeFi, actually. We mentioned how the TVL has come down a lot, how Hamzah refers to TVL as “temporary value locked” given its transience, and the way the repute of the business took successful this previous yr as CeFi went beneath – regardless of DeFi trucking alongside so easily.
I bought my favorite line in there as all the time – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he thought of 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 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 in regards to the centralisation of DeFi. With a lot of the house working on centralised stablecoins (even Vitalik mentioned lately that Tether, Circle and different suppliers may affect the path of future Ethereum forks), is without doubt one of the pillars of DeFi being compromised? And extra curiously, 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 function 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 beneath.
