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Polygon lately made an enormous announcement about their plan to launch zkEVM. zkEVM is a layer 2 scaling choice that makes use of zero-knowledge rollups to scale Ethereum. 

While most within the Polygon neighborhood celebrated the information, some critics have referred to as out Polygon over buying just a few elements of the zkEVM know-how. Emir Gun Sirer, the CEO of Ava Labs, took a dig at Polygon and mentioned that Ava Labs is proud to announce that they’ve constructed their know-how with home-grown talent. 

The feedback from Sirer didn’t sit properly with Polygon co-founder Sandeep, who referred to as him out for jealousy and said that Alt-L1 blockchains have an existential menace from L2 options like Polygon. 

The Back and Forth, Explained

Sandeep believes that just like the Ethereum merge, the zkEVM is a milestone for the Ethereum neighborhood. The firm believes that their zkEVM is absolutely equal to the Ethereum Virtual Machine and can enhance the velocity of transactions whereas decreasing gasoline prices. 

However, many critics have voiced the identical opinion as that of Sirer. Mudit Gupta, the Chief Information Security Officer of Polygon, hit again at these critics and said that the Web3 neighborhood wants higher critics. He famous that firm did the sensible factor of buying helpful applied sciences somewhat than reinventing the wheel. 

Polygon Executives Answer Other Criticisms

The Zero-Knowledge rollup market has been extremely competitive within the final couple of days. zkSync and Scroll additionally made main bulletins concerning their ZK tasks. However, Mihailo Bjelic, one other co-founder of Polygon highlighted that zkSync isn’t fully open-source and Scroll solely helps a portion of EVM compatibility. 

Moreover, Sandeep answered a number of critics’ queries concerning confusion between $MATIC and $ETH. He clarified that $MATIC would be the solely token used for all networks, nonetheless for gasoline charges, $ETH will likely be used on all public chains. 

The Polygon neighborhood and their prime executives stay bullish to succeed in their aim of turning into the TOP 3 most influential blockchain after Bitcoin and Ethereum.

Nidhish is a know-how fanatic, whose intention is to seek out elegant technical options to unravel a few of society’s largest points. He is a agency believer of decentralization and desires to work on the mainstream adoption of Blockchain. He can be huge into nearly each common sports activities and likes to converse on all kinds of subjects.

The offered content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.