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Polygon is the eleventh largest cryptocurrency on the earth – it actually wants no introduction. Considered by many because the flagship Layer 2, it helps clear up a fairly large downside – that Ethereum is a troublesome cryptocurrency to make use of.

Even Vitalik has stated that the long run is a roll-up economic system, with Ethereum as a Layer 1, with tasks resembling Polygon proper there in order that common folks can, you realize, really use it – with out taking a mortgage out to pay for fuel charges.  

I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to talk all issues DeFi and Polygon. We bounced round so much, however coated on nice subjects.

We began out technical, for any of you nerds on the market. Hamzah chats about zkEVM, or zero-knowledge roll-up expertise, which Polygon introduced final week had gone stay in testnet type, thrilling many across the trade.

It was additionally robust to keep away from the Reddit Polygon craze this has been ongoing because the weekend, with the large NFT assortment hovering to succeed in over three million customers on the social media web site. Hamzah talks of the behind-the-scenes chat with Reddit, as the corporate launched the NFTs on Polygon, after all.

We jumped round all of DeFi, actually. We mentioned how the TVL has come down a lot, how Hamzah refers to TVL as “temporary value locked” given its transience, and the way the repute of the trade took a success this previous 12 months as CeFi went below – regardless of DeFi trucking alongside so easily.

I acquired my favorite line in there as all the time – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he thought of fuel charges, and whether or not it should ever be solved. And if that’s the case, what does a future seem like for Polygon?

I additionally put the query to Hamzah concerning the centralisation of DeFi. With a lot of the house operating on centralised stablecoins (even Vitalik stated not too long ago that Tether, Circle and different suppliers may affect the route of future Ethereum forks), is among the pillars of DeFi being compromised? And extra apparently, does it have it to be, or is there another?

We dance round these and plenty of extra subjects, however that is at its coronary heart a 30-minute dialogue on DeFi and Polygon, and what position Polygon may play sooner or later.

As all the time, I’m open to feedback both right here or on Twitter – and hyperlinks to hear are under.