Polygon: L2 or Not L2?
I’m so glad people are catching on!<p>Polygon is two separate products, masquerading as union advertised as an Ethereum layer 2<p>The two products are<p>1) a completely independent and separate proof of stake blockchain with validators, and a <i>cron job</i> that stores the network state hash on the Ethereum blockchain for shits and giggles. This is the only product anybody uses.<p>2) The Plasma system. Which would sometimes maybe be an Ethereum layer 2. Its fairly pointless.<p>The first product competes with other EVMs (Ethereum virtual machines) such as Binance Smart Chain (BSC) and Ethereum testnet. <i>Somehow</i> people have been swayed to believing the identical BSC is centralized while Polygon is a decentralized layer 2 solution. Oh by the way, if you are new here, people want an Ethereum layer 2 solution.<p>Polygon isnt it.<p>It is not a layer 2 solution it is a separate blockchain.<p>Why is this important? Its kind of not. Congratulations on being USD billionares in India guys!