“In the end, ETH will outpace Bitcoin and grow to be the worldwide commonplace”, mentioned Polygon co-founder Sandeep Nailwal in an unique interview with Cointelegraph.
Nailwal believes that Ethereum will finally grow to be “the last word settlement layer” for the DeFi house. Polygon will play a significant position in making certain the long-term success of Ethereum via its scalability answer. Regardless of growing competitors from different layer-1 protocols, akin to Solana, Nailwal believes it’s nonetheless too early to speak about an “Ethereum killer.”
“The Ethereum chain, due to its fundamentals, safety, the extent of decentralization and the neighborhood and the belief that it has created as a series over time, it’s simply past the attain of every other chain”, he claimed.
In accordance with the Polygon co-founder, Etheruem will finally show superior even to Bitcoin as a result of it has a better variety of use circumstances. Nailwal believes that if Bitcoin doesn’t increase its utility past the mere financial system perform, it could not survive in the long run as a layer-1 protocol.
“It might take 10 years from now, however I don’t see a world the place a number of layer-1 protocols exist.”
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