Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder

September 29, 2021 Jeannine Cruz

He stated that the Ethereum chain is “simply beyond the reach” of other chains due to the fact that of its security, principles, and level of decentralization.

” It may take 10 years, but I dont see a world with several layer-1 protocols.”

Nailwal thinks that Ethereum is the “ultimate settlement layer” in the DeFi space. Polygons scalable service will be an essential consider Ethereums long-lasting success. Nailwal feels that it is too early to mention an “Ethereum killer” despite increasing competition from layer-1 protocols like Solana.

The co-founder of Polygon, Nailwal, thinks that Etheruem will become remarkable to Bitcoin due to its greater number of usages. Nailwal thinks that Bitcoins energy will not expand beyond its financial system function. It might be not able to survive long-lasting as a layer-1 procedure if it does.

In an unique interview with Cointelegraph, Sandeep Nailwal, co-founder of Polygon, stated that “ETH will soon surpass Bitcoin” and be the global requirement.

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.