Polygon to 'overtake Ethereum in terms of economic activity,' claims co-founder

65 Aufrufe

Danke für die Bewertung! Teile es mit Deinen Freunden!

Danke für Deine Bewertung!

Published Apr 2, 2023

#Polygon #Ethereum #Crypto #youtube
On this week's episode of The Crypto Mile our host Brian McGleenon speaks to Mihailo Bjelic, co-Founder of Polygon, a layer two scaling solution that runs alongside the Ethereum blockchain, and issuer of the Matic cryptocurrency.On March 27th Polygon announced their zkEVM technology. So, what is Polygon's zkEVM, is the hype justified and will zkEVM be the solution to the age-old issue of scalability?In this episode, Polygon's co-founder explains why the zkEVM upgrade can solve the problem of the blockchain tri-lemma, which has foxed developers for years. This being that either security, decentralisation, or scalability must be sacrificed to improve the performance of the other two factors when building a blockchain. The co-founder also discusses how this layer two will eclipse the economic activity currently on the Ethereum blockchain.Polygon has committed $1bn and raised $450m to build zkEVM, which they claim massively improves transaction speeds and cuts transaction costs by over 90%, "all while remaining fully compatible with Ethereum and retaining its robust security model".In the interview, Bjelic declared that the launch of the zkEVM upgrade is a critical step in seeing mass adoption of this web3 technology by the global technology, e-commerce, fashion, and entertainment industries.

Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp

Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV