Polygon (MATIC) boosts Ethereum's scalability by providing quicker and cheaper transactions. A lot of dApps are utilizing it to cut down costs for users, which makes it a key player in the Ethereum ecosystem.
While Ethereum is working on its own scalability improvements, Polygon is evolving too, developing new tech like zk-rollups. This really highlights how supportive networks can grow alongside their main ecosystems. Do you think of Polygon as a temporary fix or a lasting layer in the crypto space?
How Does Polygon Contribute to Ethereum's Expansion?
5 replies 195 views
SilentGuruSenior Member
Posts: 432 · Reputation: 1445
#2May 4, 2021, 06:35 AM
There are many layer 2 that did the exact thing polygon is doing so polygon have some role but not that big.
Nowaday people use base anyway, much more seamless, fast, and cheaper. What I don't like about polygon is the fact that you need to use their POL coin as gas, just feels complicated.
True, Base has gained traction for its simplicity. Still, Polygons ecosystem and zk tech give it unique long-term potential.
bull_cobraFull Member
Posts: 63 · Reputation: 418
#4May 4, 2021, 07:46 PM
I think it is not a permanent layer as ethereum is not either a permanent concept since there are already competitive networks. Polygon is dependant on ethereum networks like many others apps in the market. Polygon may seem to have huge potentiel but it still depend on etherem EVM.
There are many L-2s on Ethereum (ETH), some of the well-known ones are:
ZK-Rollups
- zkSync Era
- StarkNet
- Polygon zkEVM (thing we are discussing here)
- Linea
Optimistic Rollups
- Arbitrum
- Optimism
- Base
Since Ethereum (ETH) moved their consensus from Proof-of-Work (PoW) to Proof-of-Stake (PoS), scalability is no longer an issue in the $ETH ecosystem. So, for me L-2 $ETH is no longer necessary as it was in the past, for that reason, I consider $MATIC as a permanent layer now.
Well, Polygon is more like a "complement" to Ethereum rather than an independent solution. It's often referred to as a "sidechain" or L2 network. So far, it does the job pretty well as a highly-scalable Blockchain for ETH-based transactions. The new "ZK-Rollups" feature is "killer" in my opinion. Definitely makes Polygon stand out from the rest of the crowd (among chains of its class).
I seriously doubt Polygon will become an independent chain in the future. Especially when it's going to lose all of the security benefits of ETH. Among the L2 networks in existence (Arbitrum, Base, Optimism), I'd say Polygon is the most innovative. It's more a utility coin than a speculative one. I wouldn't expect it to become valuable during the course of its lifetime. There are other projects with more hype than Polygon itself. Even Binance Smart Chain (BNB) is faring better than Polygon. It might turn into another "Litecoin" in the future. At least, it's better something than nothing. We'll see what happens in the long run.
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