Altcoins News
By James Thorp
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Vitalik Buterin when talking about Polygon as a Layer 2 Network at the Lex Fridman show on whether it is positive, is it negative for Ethereum, is it both, or does it have a…
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There is a big difference between security models and roll ups in side chains, which is basically that roll ups inherit from the security of Ethereum.
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It might be even expensive for me to get my money out after doing transactions on the main chain, but I will be able to do it.
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So, if 70% or 51% of the holders of Polygon token wanted to take my money in Polygon they can’t.
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Where does the scaling of Polygon come from? Why is it able to process much more transactions than the Ethereum Main Chain? What is the idea there?
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Then the other thing is that with the Ethereum ecosystem, even if you think about Ethereum ecosystem hypothetically trading with side chains you will have a 100 copies of Polygon.
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They would each have their own tokens and each have their own chains. And, even if each one of those chains were as scalable as Ethereum, you could still the total sum would be…
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The thing that I want to say about Polygon’s favor, just to be very clear with respect to the work that they are doing.
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They are going to some other system like the Binance smart chain or with something that has no alignment with Ethereum’s values.
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