Sandeep Nailwal debunked one of the most toxic narratives of adamant blockchains sceptics: the Web3 revolution is not designed to solve “new” problems only.

No “imaginary” use cases for blockchains

Polygon (MATIC) founder took to Twitter to share his views on the way blockchain systems should address financial, social and other problems.

He contends that industry speakers shouldn’t disparage blockchain teams’ use cases as being “imaginary” or unreal. The vast majority of blockchains, if not all of them, are concentrated on enhancing how current technical mechanisms meet “old” difficulties within and outside of the financial industry.

Because of this, “creating” new applications for blockchain-based technologies makes little sense in terms of promoting blockchain adoption around the world and addressing pressing global issues.

This week, it was revealed that the Firozabad district now employs Polygon (MATIC) as the technical platform for police reports (Uttar Pradesh, India).

Polygon (MATIC) zkEVM started dApp onboarding

The use of Polygon (MATIC) for receiving and handling police complaints will increase the immutability and transparency of the legal system.

With its most recent innovation, zkEVM, Polygon (MATIC) garnered media attention in August 2022. This platform opens up new possibilities for protocols based on ZKP.

QuickSwap, a significant Polygon-based decentralized cryptocurrency exchange (DEX), will begin stress testing Polygon’s zkEVM on the public testnet on October 14, 2022.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Blockchain

Blockchains Do Not Solve Any New Problems, According To Polygon Co-Founder

Sandeep Nailwal debunked one of the most toxic narratives of adamant blockchains sceptics: the Web3 revolution is not designed to solve “new” problems only.

No “imaginary” use cases for blockchains

Polygon (MATIC) founder took to Twitter to share his views on the way blockchain systems should address financial, social and other problems.

Criticism of blockchains : “Imaginary use cases”

Ans: Blockchains are (mostly) NOT solving any new problems, they improve how we have solved those problems previously. Money, finance, assets et al are not new problems being solved, they are just being solved better

— Sandeep Nailwal | sandeep. polygon ???? (@sandeepnailwal) October 15, 2022

He contends that industry speakers shouldn’t disparage blockchain teams’ use cases as being “imaginary” or unreal. The vast majority of blockchains, if not all of them, are concentrated on enhancing how current technical mechanisms meet “old” difficulties within and outside of the financial industry.

Because of this, “creating” new applications for blockchain-based technologies makes little sense in terms of promoting blockchain adoption around the world and addressing pressing global issues.

This week, it was revealed that the Firozabad district now employs Polygon (MATIC) as the technical platform for police reports (Uttar Pradesh, India).

Polygon (MATIC) zkEVM started dApp onboarding

The use of Polygon (MATIC) for receiving and handling police complaints will increase the immutability and transparency of the legal system.

With its most recent innovation, zkEVM, Polygon (MATIC) garnered media attention in August 2022. This platform opens up new possibilities for protocols based on ZKP.

QuickSwap, a significant Polygon-based decentralized cryptocurrency exchange (DEX), will begin stress testing Polygon’s zkEVM on the public testnet on October 14, 2022.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

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