“In the end, ETH will outpace Bitcoin and turn into the worldwide commonplace”, mentioned Polygon co-founder Sandeep Nailwal in an unique interview with Cointelegraph.
Nailwal believes that Ethereum will ultimately turn into “the final word settlement layer” for the DeFi house. Polygon will play a significant position in guaranteeing the long-term success of Ethereum via its scalability resolution. Regardless of rising competitors from different layer-1 protocols, comparable 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 another chain”, he claimed.
In line with the Polygon co-founder, Etheruem will ultimately 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 operate, it might 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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