Polygon Co-Founder Tweeted Blockchains Don’t Remedy New Issues By CoinEdition

• Polygon co-founder tweeted blockchains resolve present issues higher.
• They enhance previous points in finance, cash, belongings, and many others.
• He stated Web3.0 shouldn’t be criticized for imaginary use circumstances.

Polygon co-founder Sandeep Nailwal tweeted on October 15 that blockchains can’t be held accountable for “imaginary use circumstances”. In keeping with him, blockchains don’t resolve new issues, as a substitute, they enhance the present hurdles in finance, cash, belongings, and extra.

Criticism of blockchains : “Imaginary use circumstances”Ans: Blockchains are (largely) NOT fixing any new issues, they enhance how we have now solved these issues beforehand. Cash, finance, belongings et al will not be new issues being solved, they’re simply being solved higher

— Sandeep | Polygon 3⃣ (@sandeepnailwal) October 15, 2022

Enhancing the technical mechanisms to battle the already current challenges in fintech, blockchains don’t “invent” new issues. Therefore, it’s unacceptable to anticipate criticizing blockchains due to “imaginary use circumstances” in regard to international adoption and fixing important world crises.

In different information, on October 14, Polygon (MATIC) shared celebratory information saying Uttar Pradhesh Police has launched India’s first police grievance portal on the Polygon blockchain.

They additional added, Airchains.io, a middleware SaaS enabling customers to run their very own blockchain networks with customizable options, is managing the Polygon Supernet for UP Police.

The goal is to make regulation enforcement mechanisms clear, forestall manipulation and get rid of corruption by utilizing Polygon (MATIC) course of complaints. FIRs reported on the blockchain can be easy-to-raise, verifiable, and immutable.

Furthermore, Polygon (MATIC) grew to become the discuss of the city in August 2022 because of its newest growth, zkEVM. zkEVM is the primary open-source zk-Rollup to supply full EVM opcode equivalence for a easy consumer expertise alongside the safety of .

As well as, QuickSwap, the big-time Polygon-based decentralized cryptocurrency trade (DEX) has begun stress testing the blockchain’s zkEVM on the general public testnet, since October 14. At the moment, QuickSwap and Algebra’s V3 is dwell on Polygon and Buying.io’s integration with Polygon has now enabled MATIC holders to buy utilizing cryptocurrency.

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