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Polygon’s Endgame: Polygon 2.0 with Sandeep Nailwal & Mihailo Bjelic

Bankless

Bankless

Technology, Tech News, News

4.71.2K Ratings

🗓️ 25 July 2023

⏱️ 74 minutes

🧾️ Download transcript

Summary

Today on the show we welcome back Sandeep and Mihalo, the Co-Founders of Polygon. 

Polygon is one of the most used chains in crypto. That in itself is a massive accomplishment. However, there’s been criticism of Polygon in the past, that it’s “just a sidechain.” That it’s not “Ethereum aligned.” The release of Polygon 2.0 will silence these critics. Tune in to understand why. 

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TIMESTAMPS

0:00 Intro
6:35 EthCC 
11:35 Polygon 2.0 
20:00 PoS to zkEVM 
33:50 What Will Users Have To Do? 
37:10 Validiums & Wen Upgrade? 
43:00 How $MATIC is Evolving?  
47:00 The Evolution of Crypto Networks 
48:50 $MATIC to $POL
50:27 Work Token
53:14 Why $POL Naming? 
54:20 The Governance Framework 
59:50 Is This Polygon’s Endgame? 
1:08:48 zkSupernets

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RESOURCES

Polygon Roadmap
https://polygon.technology/roadmap 

Polygon PoS to a zkEVM - https://twitter.com/0xPolygonLabs/status/1671208777784209441 

The Stack
https://twitter.com/0xPolygonLabs/status/1668312616459030528

The Token
https://twitter.com/0xPolygonLabs/status/1679427540790681600

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
 https://www.bankless.com/disclosures ⁠ 

Transcript

Click on a timestamp to play from that location

0:00.0

Thankless Nation today, we've got an episode for you with the founders of Polygon.

0:08.0

We're talking about the Polygon Endgame.

0:10.5

This release, this software release, this upgrade that Polygon is doing.

0:14.2

They call it Polygon 2.0.

0:16.7

Why is this important?

0:17.7

Well, Polygon is one of the most used chains in crypto.

0:21.6

And I think that in itself is a massive accomplishment.

0:24.6

There's also been some criticism of Polygon in the past, some critiques that it's just

0:28.4

a side chain.

0:29.4

And maybe it doesn't have the Ethereum alignment that the marketing says it does.

0:34.1

I think the release of Polygon 2.0 will silence the critics.

0:38.3

There's a lot of decentralization going on in today's conversation, including a path forward

0:43.8

for the Polygon proof of stake chain.

0:45.7

A few things we talk about, number one, how Polygon is scaling Ethereum using ZK technology.

0:51.1

Number two, a promise Polygon made to the community to upgrade the Polygon proof of

0:55.2

stake chain and change it to a roll-up, more specifically, a validium.

0:59.8

We'll talk about what they're doing there.

1:01.7

Number three, we'll talk about Polygon's big token upgrade.

1:04.4

What they're doing with the Matic token, they're converting it to even more of a work-token.

1:09.0

Interesting discussion follows there.

1:10.2

They don't see Matic being a money token.

1:13.4

And number four, we conclude with what is going on with Layer 2's.

...

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