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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