The co-founder of Polygon (MATIC) chose to clarify the role of Polygon and its zkEVM development in Web3 advancement as U.S. SEC attacks against cryptocurrencies gained pace.
Polygon zkEVM launch changed world, “hyper-blockchainization” is coming, Sandeep Nailwal says
As a result of the Polygon zkEVM network’s mainnet release, which completely altered the globe, the world is on the edge of “hyber-blockchainization.” On his account today, June 7, 2023, co-founder of Polygon (MATIC), Sandeep Nailwal, made such a claim.
He asserted that the advancement made with the zkEVM rollout could not be reversed: “There’s no going back.” As a result, in the following cycle, the use of blockchain solutions will exponentially increase.
The Polygon zkEVM network’s initial version was launched on mainnet on March 27, 2023, as previously reported by U.Today. For fans of Polygon (MATIC), this accomplishment will be most looked forward to in 2023.
With minimal decentralisation and throughput trade-offs, the Polygon zkEVM network enables the biggest EVM blockchain to replace EVM-compatibility with EVM-equivalence and drastically lower costs.
Eduardo Antua, the creator of the Polygon zkEVM core, predicts that the network will be able to handle 10,000 transactions for just $1 in petrol costs.
Tech does not care about securities status?
The U.S. SEC is intensifying its campaign against top-tier altcoins at the time of Mr. Nailwal’s comments. As previously reported, the SEC chose to bring legal action against Binance and Coinbase for making unregistered securities offers.
Assets from Polygon (MATIC) were for the first time ever labelled as securities. Along with other renowned cryptocurrencies, the list also contained the ADA and SOL of Cardano.
The Polkadot team revealed in November 2022 that its DOT token was the first alternative currency to “officially” transform from its security classification, which was confirmed by the SEC.