“Ultimately, ETH will outpace Bitcoin and grow to be the worldwide customary”, stated Polygon co-founder Sandeep Nailwal in an unique interview with Cointelegraph.
Nailwal believes that Ethereum will ultimately grow to be “the final word settlement layer” for the DeFi area. Polygon will play a serious position in guaranteeing the long-term success of Ethereum by its scalability resolution. Regardless of rising competitors from different layer-1 protocols similar to 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 neighborhood and the belief that it has created as a series over time, it’s simply past the attain of another chain”, he claimed.
Based on the Polygon co-founder, Etheruem will ultimately show superior even to Bitcoin due to the upper 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 might 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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