Polygon Co-Founder: Layer 1 Use Cases Should Be Simple and Specialized, Ethereum Should Aim to Be the Best Settlement Layer

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September 19, 2024
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On September 19, BlockBeats reporter reported from the scene that Sandeep Nailwal, co-founder of Polygon, spoke during the "The Argument for Ethereum and Layer 2 Solutions" roundtable discussion at the main venue of TOKEN2049, stating:

For the Ethereum community, everyone is closely watching the progress, and this is why discussions surrounding Ethereum's value and price could potentially be detrimental to its long-term prospects. The community puts so much pressure on projects, expecting them to somehow bring more value to Ethereum. And the community also faces immense pressure when it comes to price increases. I believe the Bitcoin community has done a great job at keeping its Layer 1 as simple as possible, focusing solely on one specific use case — value storage, and they've perfected it, leaving no room for doubt. Compared to Ethereum, its target use case should be to become the best settlement layer.

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