Our AMA with Polygon (formerly Matic Network) earlier this week covered significantly more than we expected, so we are publishing some highlights that may be helpful to you. The AMA lasted for the planned hour, with participants from all over the world on Clubhouse, where we plan to continue to hold AMAs and The APIS talks. We’ve found Clubhouse a terrific way to have open, transparent conversations with a large audience. It’s a setting where honest thoughts can happen.
Our AMA went as follows:
- We opened with an overview of layer-two scaling solutions, covering both current trade-offs and future projected trade-offs. Both us and Polygon agreed that zk-rollups will be the long-term solution but are not yet ready for mainstream use. We did not conclude the best current option, as we agreed it largely depends on your use case. Optimistic rollups, Plasma, Sidechains, and state channels all came up at some point. Neither of us was willing to commit to one because we are both committed to being layer-two agnostic for the foreseeable future.
From Polygon Architecture
- We then asked Polygon about something we’re no longer able to do on the Ethereum mainnet because of increased demand for mainnet block space (aka higher fees): launching our testnet and testnet token. We have some ideas for names, but we’re not happy with any of them. If you have an idea you’d like to see for whatever reason, don’t hesitate to reach out. Our testnet will simulate our mainnet, both on the product side with our open read and write packages and the token economics side with staking, governing, validating, and dispute resolving. Polygon’s layer-two solution could be the perfect place to launch this. We’re continuing conversations with them on this.
We ran Polygon through the APIS, which differentiates us from Infura, Alchemy, and the Graph. We highlighted our no/low-code write approach, which no other decentralized product is taking, and our RESTful read approach, which no additional decentralized development is taking.
- We integrate all the coffees of the world onto our menu. Terrible analogy, we know, but we’re all caffeine lovers. We also highlighted our usage mining program, which no other product in the market has done — we are very proud of the ownership our community deserves.
We’re both extremely excited for the future of DeFi and Web3.0, from NFTs to IoT and every other buzzword we’ve been reading about for the next three years, but for some reason, now it is mainstream again. So we hope to see you at our next AMA, to be announced sometime soon.
👋 About THE APIS:
The APIS is an indexing protocol for reading and writing to open networks. Making APIs open and accessible to power a decentralized world.
