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Polygon (MATIC) Nailwal: zkEVM Launch Changes World Forever

Wed, 06/07/2023 - 17:25
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Vladislav Sopov
Sandeep Nailwal, founder of top EVM blockchain Polygon (MATIC), foresees 'hyper-blockchainization'
Polygon (MATIC) Nailwal: zkEVM Launch Changes World Forever
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As U.S. SEC attacks on altcoins are getting traction, the Polygon (MATIC) co-founder decided to make things clear about the role of Polygon and its zkEVM development in Web3 progress.

Polygon zkEVM launch changed world, "hyper-blockchainization" is coming, Sandeep Nailwal says

The world is on the verge of "hyber-blockchainization" as the mainnet release of Polygon zkEVM network changed the world forever. Such a statement was made by Polygon (MATIC) co-founder Sandeep Nailwal on his account today, on June 7, 2023.

According to him, the progress achieved with the zkEVM rollout cannot be amended: "There's no going back." As such, the adoption of blockchain solutions will go parabolic in the next cycle.

As covered by U.Today previously, Polygon zkEVM network saw its first version activated in mainnet on March 27, 2023. This milestone is the most anticipated for Polygon (MATIC) enthusiasts in 2023.

Polygon (MATIC) zkEVM Set to Go Live Today, Why Is Price Not Riding Train?

Polygon zkEVM network allows the largest EVM blockchain to replace EVM-compatibility with EVM-equivalence and to reduce fees by orders of magnitude with zero decentralization and throughput trade-offs.

Polygon Network's (MATIC) zkEVM: Everything You Should Know in New Blockchain Guide

Polygon zkEVM core developer Eduardo Antuña estimates that the network will be able to process 10,000 transactions for just $1 in gas fees.

Tech does not care about securities status?

The statement by Mr. Nailwal comes amid an accelerated attack by the U.S. SEC against top-tier altcoins. As we covered previously, the SEC decided to sue Binance and Coinbase for unregistered securities offerings.

Breaking: SEC Alleges Cardano (ADA), Solana (SOL) and Polygon (MATIC) Are Securities

For the first time ever, Polygon (MATIC) assets were categorized as securities. Cardano's ADA and Solana's SOL were also included on the list, together with other blue-chip altcoins.

In November 2022, Polkadot's team announced that its DOT coin became the first altcoin that "officially" morphed from its security status, which was confirmed by the SEC.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)