Blockchain
Sandeep Nailwal debunked one of the crucial poisonous narratives of adamant blockchain sceptics: the Web3 revolution is not designed to unravel “new” issues solely.
No “imaginary” use circumstances for blockchains: Sandeep Nailwal
Right now, Oct. 15, 2022, the Polygon (MATIC) founder took to Twitter to share his views on the best way blockchain methods ought to tackle monetary, social and different issues.
Criticism of blockchains : “Imaginary use circumstances”
Ans: Blockchains are (largely) NOT fixing any new issues, they enhance how now we have solved these issues beforehand. Cash, finance, belongings et al will not be new issues being solved, they’re simply being solved higher
— Sandeep | Polygon ??3️⃣ (@sandeepnailwal) October 15, 2022
In response to him, the use circumstances chosen by blockchain groups shouldn’t be criticized as “imaginary” ones by audio system within the trade.
Blockchains — at the very least, the overwhelming majority of them — are centered on bettering the methods current technical mechanisms tackle “outdated” challenges inside and outdoors fintech.
That’s the reason “inventing” new use circumstances for blockchain-based instruments is not sensible by way of international blockchain adoption and fixing main world issues.
Earlier this week, it was introduced that Polygon (MATIC) is now used as a technical platform for police reviews within the Firozabad district (Uttar Pradesh, India)
Polygon (MATIC) zkEVM began dApp onboarding
Utilizing Polygon (MATIC) for accepting and processing police complaints will make the legislation enforcement mechanisms extra clear and immutable.
In August 2022, Polygon (MATIC) made headlines with its newest improvement, zkEVM. As reported by U.Right now, this platform unlocks beforehand unseen alternatives for ZKP-based protocols.
Ranging from Oct. 14, 2022, main Polygon-based decentralized cryptocurrency change (DEX) QuickSwap is stress testing Polygon’s zkEVM on public testnet.
