“Ultimately, ETH will outpace Bitcoin and develop into the worldwide commonplace”, stated Polygon co-founder Sandeep Nailwal in an unique interview with Cointelegraph.
Nailwal believes that Ethereum will ultimately develop into “the last word settlement layer” for the DeFi area. Polygon will play a significant function in guaranteeing the long-term success of Ethereum by its scalability answer. Regardless of rising competitors from different layer-1 protocols, reminiscent of 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 group and the belief that it has created as a series over time, it’s simply past the attain of some other chain”, he claimed.
In line with the Polygon co-founder, Etheruem will ultimately show superior even to Bitcoin as a result of it has the next variety of use instances. Nailwal believes that if Bitcoin doesn’t develop its utility past the mere financial system perform, it could not survive in the long run as a layer-1 protocol.
“It could 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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