Polygon Co-founder: Blockchains Do Not Solve Any New Problems

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Polygon Co-founder: Blockchains Do Not Solve Any New Problems
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Polygon $MATIC creator sandeepnailwal slams the criticism of 'imaginary' use cases for blockchains Polygon MATIC PolygonNews_ PolygonDaily 0xPolygonNews

Sandeep Nailwal debunked one of the most toxic narratives of adamant blockchain sceptics: the Web3 revolution is not designed to solve"new" problems only.Today, Oct. 15, 2022, the Polygon founder took to Twitter to share his views on the way blockchain systems should address financial, social and other problems.Ans: Blockchains are NOT solving any new problems, they improve how we have solved those problems previously.

Blockchains — at least, the vast majority of them — are focused on improving the ways existing technical mechanisms address"old" challenges inside and outside fintech.That is why"inventing" new use cases for blockchain-based tools makes no sense in terms of global blockchain adoption and solving major world problems.

In August 2022, Polygon made headlines with its latest development, zkEVM. As reported by U.Today, this platform unlocks previously unseen opportunities for ZKP-based protocols.

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