Ethereum will exchange Bitcoin because the main crypto community, claims Polygon co-founder

“Ultimately, ETH will outpace Bitcoin and turn into the worldwide commonplace”, mentioned Polygon co-founder Sandeep Nailwal in an unique interview with Cointelegraph. 

Nailwal believes that Ethereum will finally turn into “the final word settlement layer” for the DeFi area. Polygon will play a significant position in making certain the long-term success of Ethereum via its scalability resolution. Regardless of growing competitors from different layer-1 protocols, akin to Solana, Nailwal believes it’s nonetheless too early to speak about an “Ethereum killer.”

“The Ethereum chain, due to its fundamentals, safety, the extent of decentralization and the neighborhood and the belief that it has created as a sequence over time, it’s simply past the attain of every other chain”, he claimed. 

In line with the Polygon co-founder, Etheruem will finally show superior even to Bitcoin as a result of it has a better variety of use instances. Nailwal believes that if Bitcoin doesn’t broaden its utility past the mere financial system perform, it might not survive in the long run as a layer-1 protocol.

“It could take 10 years from now, however I don’t see a world the place a number of layer-1 protocols exist.”

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