PSA: After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation, and wind down my day-to-day involvement with Polygon Labs.
I was introduced to crypto in 2013 (damn, time flies). By 2017, I was deep down the rabbit hole, fascinated by the idea of a global, inclusive economic layer of the society. Since then, I’ve devoted myself to helping materialize that inspiring vision. Polygon was born in 2019, and we’ve come a long way since then. From significant breakthroughs in zero-knowledge tech, to onboarding some of the world’s biggest brands, we’ve made meaningful strides toward that grand vision. I’m proud of this, and grateful for the privilege to work with so many talented people.
As projects evolve and mature, it is natural for visions to evolve, and sometimes diverge. With this in mind, I can no longer contribute to Polygon to the best of my abilities. That said, I remain confident that Polygon leadership is committed to the success of the project. I’ll always be cheering from the sidelines, and supporting however and whenever I can.
I remain as passionate as ever about the promise of crypto, its potential to transform systems, empower individuals, and create a more equitable world. That belief continues to inspire and guide me, and you will likely still see me around.
Thank you to everyone who has been part of this journey.
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One of the frequent questions that we get is why @0xPolygon has multiple zk efforts/teams. 🤔
A short thread on why we picked this strategy and how it is playing out so far..
1/7
When we announced our zk thesis a bit more than a year ago, we knew that:
1) We wanted to bet big on zk tech. 2) We wanted to go for the Holy Grail - EVM-compatible zk solutions. 3) It is not going to be easy; experts estimated at least 3-5 years to build this Holy Grail.
2/7
To achieve this grand goal in the shortest period of time possible (3-5 years was unacceptable), we realized that we have to approach it from multiple angles, with as many smart people as possible.
We joined hands with the excellent teams of Hermez, Zero (ex Mir) and Miden.
3/7
1/8 I am a fan of @StarkWareLtd, everyone who knows me know that.
Uri is obviously coming from a good place, but this (and similar) statements are wrong and potentially dangerous, since they can cause confusion or even loss of funds if people take them at face value.
3/8 Second (and much more important/concerning), implying that L2s are *by default* more secure than PoS sidechains (commit chain in our case) is absolutely wrong and potentially dangerous.
To explain why, let's quickly compare our PoS chain and StarkWare's zkRollup or Validium.