Polygon Co-founder Weighs in on the Smart Contracts' Debate
Home Cryptocurrency News Polygon Co-founder Weighs in on the Smart Contracts’ Debate
Cryptocurrency News - January 10, 2022

Polygon Co-founder Weighs in on the Smart Contracts’ Debate

What is the role of heavyweight marketing in the decentralized cryptosystem? As per Sandeep Nailwal, who is the co-founder of Polygon, it plays a leading role. 

Poly want a contest

While Web3 users may consider Solana to be the second-most utilized smart contracts platform, the ‘daily active users’ statistics indicated a different story in December 2021, according to crypto-analyst Spencer Noon. Polygon was the source of this information. While Polygon is mostly headquartered in India, Solana’s headquarters have been rumored to be in the United States. In addition to Noon’s daily active user numbers, Nailwal said that Polygon had 2,000-3,000 active development teams, whereas Solana only had 200-300. In his post, Nailwal retweeted a user who stated that Solana used a different method of calculating statistics.

This is a big deal since how a network or a wallet monitors its activity may have a big influence on how people perceive it. Indeed, when the Solana wallet Phantom revealed its 2021 statistics and claimed to have more than 1.8 million monthly active users, journalist Laura Shin double-checked that the wallet was referring to users, not active addresses. Nailwal also retweeted a person who stated that a large number of Solana’s active users were bots. Surprisingly, both Solana and Polygon are included among the top developers in a recent study by Electric Capital, which tracks developer activity. In terms of average monthly active developers, Solana expanded by more than 4.9x in 2021, according to the research. Polygon grew by more than double.

MATIC was trading at $2.01 at the time of publication. The cryptocurrency has been down 5.26 percent in the previous 24 hours and has lost 20.55 percent in the last week. In truth, the bigger market has been paralyzed by fear as well. On the other hand, some, such as crypto-influencer Lark Davis, are bullish on Polygon’s prospects.

Solana is a censorship-resistant, efficient, quick, and secure blockchain that delivers the open infrastructure needed for worldwide adoption. As a result, the fundamental goal of the validator is to decentralize the network by providing computer resources for transaction validation or storage for ledger redundancy.

Solana coin intends to serve as a link connecting the fiat and digital worlds, where the public’s confidence is crucial. A high-performance-oriented distributed identification system, distributed data sharing, and cooperation and distributed procedure protocols are among the benefits of the Solana (SOL) currency. According to this Solana prediction, the SOL price might trade around $280.80 by the end of 2022.

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