Polygon is the eleventh greatest cryptocurrency on this planet – it actually wants no introduction. Thought-about by many because the flagship Layer 2, it helps resolve a reasonably large downside – 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 initiatives corresponding to Polygon proper there in order that common individuals can, you understand, really use it – with out taking a mortgage out to pay for gasoline charges.
I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to speak all issues DeFi and Polygon. We bounced round loads, however coated on nice subjects.
We began out technical, for any of you nerds on the market. Hamzah chats about zkEVM, or zero-knowledge roll-up know-how, which Polygon introduced final week had gone stay in testnet kind, thrilling many across the business.
It was additionally powerful to keep away from the Reddit Polygon craze this has been ongoing for the reason that weekend, with the huge NFT assortment hovering to succeed in over three million customers on the social media website. Hamzah talks of the behind-the-scenes chat with Reddit, as the corporate launched the NFTs on Polygon, after all.
We jumped round all of DeFi, actually. We mentioned how the TVL has come down a lot, how Hamzah refers to TVL as “momentary worth locked” given its transience, and the way the repute of the business took a success this previous yr as CeFi went beneath – regardless of DeFi trucking alongside so easily.
I bought my favorite line in there as at all times – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he thought of gasoline charges, and whether or not it’s going to ever be solved. And if that’s the case, what does a future seem like for Polygon?
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 course of future Ethereum forks), is likely 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 plenty of extra subjects, however that is at its coronary heart a 30-minute dialogue on DeFi and Polygon, and what position Polygon may play sooner or later.
As at all times, I’m open to feedback both right here or on Twitter – and hyperlinks to pay attention are beneath.