ššš #Polygon Founder Breaks Down Key Points for #Web3 to Attain āInternet-Levelā Success
Polygon founder Sandeep Nailwal has outlined two key factors crucial for the long-term success of Web3 in comparison to the current internet. He emphasizes the importance of unlimited scalability and the ability of blockchains to communicate, highlighting the necessity for individuals to have the freedom to choose from various decentralized profiles.
In a recent post on X (formerly Twitter), Nailwal underscores the significance of user-centric design and interaction to enhance usability, along with the capability for #blockchainā networks to seamlessly interact with one another, commonly known as interoperability. Nailwal further explains that Polygon is actively working on building a network of aggregated blockchains.
Simultaneously, DCinvestor, addressing his 236,900 followers on X, emphasizes that the introduction of Layer-2 solutions will be critical in the coming years for blockchains to succeed. He notes that while bridging and interoperability solutions "still need work," neglecting them could pose risks in the long term. Recent data from Spherical Insights indicates that the global blockchain interoperability market is projected to exceed $1.98 billion by 2030.
Blockchain interoperability has been a significant topic in the industry, with major banks worldwide expressing interest in cross-chain interoperability for conducting tokenized asset purchases. The Australia and New Zealand Banking Group (ANZ) recently announced its adoption of Chainlink's cross-chain interoperability protocol (CCIP). Nigel Dobson, ANZ Portfolio Lead, explains that cross-chain interoperability is a hot topic for major banks globally.
Source - beincrypto.com
