Unconfirmed: Polygon: The Layer 2 Solution Doing 8 Times as Many Transactions a Day as Ethereum - Ep.247

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 18 June 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jaynti Kanani, cofounder and CEO of Polygon, discusses why the layer 2 solution has seen so much success during a down crypto market. Show highlights: what factors have led to Polygon’s and MATIC's impressive performance YTD how Polygon is scaling Ethereum what types of projects are taking off on Polygon how Polygon is attempting to address the issue of layer 2 composability how Polygon plans to use its latest funding why Jaynti is confident Polygon will still be necessary after ETH 2.0 launches Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero NEAR: https://near.org Episode Links Jaynti Kanani Twitter: https://twitter.com/_jdkanani Polygon Website: https://polygon.technology/ Overview: https://www.theblockresearch.com/polygon-a-technical-overview-105799 https://www.theblockresearch.com/mapping-out-polygons-ecosystem-105540 Popularity: https://www.coindesk.com/defi-projects-continue-flocking-to-layer-2-solution-polygon https://www.coindesk.com/institutional-investors-have-arrived-on-polygon-amid-rising-ethereum-layer-2-demand-blockchain-data https://www.coindesk.com/polygons-matic-token-ended-may-up-120-despite-bitcoins-price-crash Investments: https://www.coindesk.com/au21-capital-opens-polygon-fund https://www.coindesk.com/mark-cuban-invests-in-ethereum-layer-2-polygon Miscellaneous: https://www.coindesk.com/okcoin-integrates-polygon-reduce-users-ethereum-gas-fees https://polygon.technology/lightpaper-polygon.pdf https://www.coindesk.com/kyber-network-announces-polygon-integration-and-liquidity-mining-program https://defiwatch.net/second-letter-to-polygon/ https://www.coindesk.com/google-cloud-now-provides-blockchain-insights-for-polygon-network https://www.coindesk.com/decentralized-exchange-aggregator-1inch-network-expands-to-polygon Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone, welcome to Unconfirmed. The Shether reveals how the marquee names in crypto
0:09.1	are reacting to the week's top headlines and can see inside skip on what they say
0:12.5	on their horizon.
0:13.5	I'm your host Laura Shin, a journalist with over two decades of experience. I started
0:18.1	covering crypto six years ago and as a senior editor Forbes was the first mainstream media
0:23.2	reporter to cover cryptocurrency full time. This is the June 18th episode of Unconfirmed.
0:29.2	The Crypto.com app pays you up to 8.5% interest on your Bitcoin. Get $25 when you download
0:35.3	the Crypto.com app with code Laura. The link is in the description.
0:40.3	Mirror is an open source platform that accelerates the development of decentralized applications,
0:46.0	overcoming high fees and slow speeds with its fast, scalable, low cost and climate neutral
0:51.2	blockchain protocol. Learn more at NEAR.ORG.
0:56.7	TASOS is smart money that's redefining what it means to hold an exchange value in a digitally
1:01.6	connected world. Discover how people are reimagining the world around you on TASOS.
1:07.6	Today's guest is Jainty Kanani, co-founder and CEO of Polygon. Welcome Jainty.
1:13.2	Thank you Laura for having me. Polygon has had quite a few months, especially considering
1:19.0	that the overall market has kind of been in a bit of the dull drums. So can you tell
1:25.9	me from your perspective the story of how Polygon has taken off these last few months?
1:32.0	Definitely. So we have been working on polygons since 2017 and launched on Monday in
1:40.9	last year May. And since then we are working with the apps to onboard them on Polygon.
1:48.8	We had like 100, 200 tap applications at the time before three months ago. And then the
1:57.4	NFT boom came right and DeFi was there. DeFi boom was there. And everyone was trying to
2:04.4	send it to Ajay Sanzon Ethereum, right? And at the time Ethereum gas fees went like a hundred
	...

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