Based on Polygon’s co-founder, Sandeep Nailwal, it is just a matter of time earlier than Ethereum overtakes Bitcoin because the dominant layer-1 protocol.
“Ultimately, ETH will outpace Bitcoin and change into the worldwide commonplace”, stated Polygon co-founder Sandeep Nailwal in an unique interview with Cointelegraph.
Nailwal believes that Ethereum will finally change into “the last word settlement layer” for the DeFi house. Polygon will play a serious position in making certain the long-term success of Ethereum via its scalability answer. Regardless of growing competitors from different layer-1 protocols, similar 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 some other chain”, he claimed.
Based on 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 increase its utility past the mere financial system perform, it could not survive in the long run as a layer-1 protocol.
“It might 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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