A naukri.com initiative
Crypto-News-Flash
7d
91
Image Credit: Crypto-News-Flash
Sandeep Nailwal Becomes Polygon Foundation CEO, Declares Zero-to-One Reboot
- Sandeep Nailwal has become the CEO of Polygon Foundation, emphasizing faster decisions and a leaner structure.
- Polygon drops zkEVM and shifts focus to PoS scaling and Agglayer interoperability.
- Nailwal takes control as CEO, stressing clear direction and focused execution.
- Polygon Foundation, including Polygon Labs, remains under Nailwal's leadership.
- The Foundation possesses significant cash reserves for long-term development.
- Strategic decisions are made to strengthen POL and enhance market clarity.
- Polygon zkEVM will be closed next year, with a focus on Polygon PoS and Agglayer.
- Polygon PoS will specialize in stablecoin payments and real-world assets.
- The Gigagas roadmap aims for over 5,000 TPS with sub-one-second finality by September or October.
- Agglayer version 0.3 is set to launch, focusing on interoperability features by Q3 end.
- The Ethereum instability caused Polygon to reset its growth plans.
- Polygon is realigning its structure towards bolder and faster changes.
- ZK research is being separated into standalone projects, with Polygon ZisK led by Jordi Baylina.
- Polygon will continue contributing to ZK efforts in a more neutral capacity.
- Polygon aims for user-focused adaptations away from its previous research-focused approach.
Read Full Article
5 Likes
For uninterrupted reading, download the app