2/ Polygon was founded in 2017 by @sandeepnailwal, @jdkanani, and @anuragarjun, with the purpose of addressing the scalability problem of Ethereum.
$MATIC rebranded to "Polygon" in 2021 to become the "Swiss Army knife" of scaling solutions.
@sandeepnailwal@jdkanani@anuragarjun 3/ Polygon at its core is a platform designed to help Ethereum scale. It features a modular, flexible framework (Polygon SDK) that allows developers to build and connect Layer-2 infrastructures.
@sandeepnailwal@jdkanani@anuragarjun 5/ To fully understand how Polygon works (and the problem it aims to solve), first you have to understand the difference between a Layer 1 and a Layer 2 blockchain.
(if you're not tech-minded, skip to "DEVELOPMENT" on tweet 17).
This ideology follows the concept that decentralised networks can only facilitate 2 of the 3 factors of scalability, security and decentralisation.
@sandeepnailwal@jdkanani@anuragarjun 8/ A blockchain like Ethereum (although relatively decentralised and secure), struggles in terms of scalability. Its current limitations lead to slow transaction speeds and high gas fees amidst high traffic.
The Polygon network is designed to help Ethereum scale via offering a flexible framework of infrastructures that support the primary MATIC POS blockchain.
@sandeepnailwal@jdkanani@anuragarjun 12/ Polygon uses Plasma chains to scale, which are more secure iterations of sidechains. The key difference between the two being: The “root” of each plasma chain block is published to Ethereum.
Plasma chains run alongside the primary blockchain.
Announced a web3-focused accelerator program:
• Designed to accelerate the growth of innovative companies (in this case $MATIC).
• Devs will build web3 experiences on @0xPolygon
• Focus on metaverse, AR and NFTs.
Strategic partnerships in crypto are often used primarily as a marketing tool. Unless we see real user acquisition via the Disney, Meta partnerships etc. don't get TOO excited.
Although I am bullish on $MATIC long term (and plan on DCAing in the near future), it's important that you DYOR and use this thread as a starting point, not as a buy signal.
If I had to start again from 0 today, this is the exact 16-step plan I’d follow.
🧵: My ultimate X growth guide.👇
1. Pick a niche and go all in.
If you want to stand out and build authority, you first need to become and expert in, and own, one specific angle - as opposed to becoming another generalist.
I chose DeFi as my initial area of focus when I began creating content.
Allocating all your resources to one niche is the most optimal way to ensure your content stands out, which in turn will reach a wider audience over time as you expand.
2. Post consistently.
More is better (as long as you can maintain a good quality standard).
Even during the '22 bear market, I was posting threads daily at one point.
To help you prepare, I compiled the top 10 alpha tweets I bookmarked over the past few days.👇
1. Coinbase's spot premium has held steady throughout the latest surge. $BTC has been rallying with minimal leverage buildup compared to past runs to ATH.