Sandeep Nailwal, co-founder of Ethereum (ETH) scaling solution Polygon (MATIC), thinks that Ethereum (ETH) will dominate the recently popular Web 3.0 space. Nailwal also talks about the scalability issue and what layer-1 solutions offer. Here are the details of Nailwal’s last interview…
Web 3.0 comment from MATIC co-founder
Polygon (MATIC) founder Sandeep Nailwal, in a new interview by Scott Melker, that Ethereum, Web He says he can “overwhelmly” dominate 3.0. As Kriptokoin.com have previously reported, Web 3.0 is third generation internet services for websites and applications that will focus on using a machine-based data understanding to provide a data-driven and semantic web. The ultimate goal of Web 3.0 is to create smarter, connected and open websites. Nailwal makes the following statements regarding the dominance of Ethereum:
Our Web 3.0 argument is that the entire space will evolve to be Ethereum or a particular layer-1. In terms of network effects, we believe Ethereum will dominate 99.999 percent. Ethereum as an asset, ETH evolved. How did the Ethereum network evolve as a decentralized protocol? How has the Ethereum community evolved in such a way that people like us fight for Ethereum like our own protocol? Ethereum has a huge advantage and we don’t see another layer-1 turning into it.
Scalability issues persist
Polygon (MATIC) co-founder said that while Ethereum suffers from speed and cost limitations, it still manages to remain decentralized unlike its competitors. says. Referring to the “scalability triad” invented by Ethereum co-founder Vitalik Buterin, Nailwal says that Ethereum prioritizes security and decentralization over scalability. This trilogy says that the scalability of a blockchain can compromise security and decentralization. Nailwal, the founder of Polygon, says:
Scalability, security and decentralization – you can only choose two of them, it’s true. And you can’t choose security – you have to be secure. So, scalability decentralization, you should choose one. Any layer-1 that says they are a bit more scalable than Ethereum – they eventually choose scale over decentralization.
