Building the Future of Web3 With Polygon Blockchain

Keep an eye on the important steps towards the future of Web3! Read interesting content on the topic "Building the Future of Web3 With Polygon Blockchain" or "Paving the Way for Web3's Future with the Polygon Blockchain Platform" at REDeFiNE TOMORROW 2024. Meet Sandeep Nailwal @sandeepnailwal, COO & Co-founder of Polygon, and Heslin Kim @HeslinKim, CCGO & Founding Team member at Gevulot, who will discuss the future of Web3's growth through the Blockchain platform called "Polygon."

Polygon’s Important Mission: Create an Unlimited Network.

• Polygon is a well-known Blockchain platform with the goal of creating a Multi-chain Blockchain System that works with Ethereum, using the Proof of Stake (PoS) system to process On-Chain transactions. Polygon's token is called MATIC.
  
  
• Since its establishment, Polygon's important mission has been to create an infinitely scalable network, capable of handling billions of daily transactions and bringing Web3 technology to the same level as the internet.
  
  
• Sandeep Nailwal, COO & Co-founder of Polygon, revealed that Polygon has invested nearly $1 billion in zero-knowledge (ZK) technology, establishing the strongest ZK research and engineering teams in the field. Additionally, Polygon was the first to create a fully functional ZK rollup.

AggLayer: Significant Step in Blockchain Collaboration and Expansion

• Nailwal introduced a new protocol called “AggLayer” which allows anyone to create their own chains using Polygon CDK, connecting Blockchains into a single chain (Single Chain), making users feel like they are using the regular internet, enhancing their experience.
  
  
• The purpose of creating AggLayer is to connect thousands of chains into a single chain, providing a seamless experience for users. Nailwal compared this to the internet, where users from various locations worldwide experience a unified network.
  
  
• Nailwal said that Polygon's AggLayer has attracted numerous projects, including Layer 1 Blockchains, which are the foundational layers, for exchanging their own chain launches, and global brands in Southeast Asia. Additionally, various companies are using CDK chains as controlled and reliable solutions.

Trustlessness is More Important than Decentralized Distribution of Power

• Nailwal emphasized the importance of Trustlessness, or the concept of not relying on third parties, as Blockchain is inherently secure. He said that Trustlessness is more important than decentralization (Decentralized).
  
  
• ZK solutions can provide trust to users and allow them to withdraw assets or data (if necessary), while businesses can choose their level of decentralization based on regulatory and compliance requirements.
  
  
• Polygon ZKVM chain, Polygon PoS chain, OKX chain and Japan's leading Blockchain, Astar Network, are all connected to AggLayer. These integrations will occur soon, demonstrating the significant attraction of the CDK Stack.
  
  
• Nailwal believes that the AggLayer structure aligns with the vision of Vitalik Buterin (co-founder of Ethereum), which emphasizes reliable collaboration. Polygon is also working to make AggLayer more neutral, ensuring that this value returns to the Polygon community.

Not Relying on Third Parties (Trustlessness) ... is More Important than Decentralization

• The ultimate goal is to eliminate the complexity of Blockchain. Nailwal believes that users should experience the "Trustless Internet" (a new concept of using the internet that utilizes Blockchain technology to create an environment where trust from third parties is unnecessary because the system cannot be deceived). Users should have ownership of their money and data without worrying about the Chain they are using.
  
  
• Web3 opens up opportunities for "Trustless Compute," similar to "Trustful Compute" in cloud computing. Web3 will encourage usage in various sectors, including Travel, Education, Real Estate, Finance, and Media, where users desire ownership and freedom from third-party interference or reliance.
  
  
• Polygon's PoS chain is preparing to become ZK (Validium) to reduce the need for a large number of validators. However, AggLayer will benefit from massive decentralization and an increased number of validators.

Sentient: Polygon's Open Source AI protocol.

• Nailwal introduced “Sentient,” an open-source AI protocol linked to his vision. The goal of Sentient is to create a decentralized marketplace for AI models, with a new concept called "Model Loyalty" that guarantees revenue generation for model creators while keeping the models open source.
  
  
• Sentient is a company led by Professor Pramod Vishwanath, a computer expert and co-inventor of 4G technology. The company focuses on combining cutting-edge AI and cryptography to create an open-source AI ecosystem that benefits both creators and users.

Summary

Looking ahead, it is evident that Nailwal is committed to growing the Polygon Ecosystem in the next 5-10 years. He believes that Polygon will become a prominent player in the Web3 stack, especially in the layer that integrates various Blockchain Ecosystems.

To conclude, Nailwal believes that AggLayer is the "ZK endgame," or the final solution for scaling Blockchain with Zero-Knowledge Proof (ZK) technology. In the coming months, the entire industry will witness the true potential of infinitely scalable and seamless Blockchain from Polygon, which is a significant step for the future of Web3 and will make the Blockchain platform even easier to use.

Learn more about Polygon at their website: Polygon

Or watch the session’s recording on Youtube: https://youtu.be/Y0YEVaIDAy4?si=mfhH6roT8ntmBDJl