Aishwary Gupta is a guest at BitKeep live broadcast room: Polygon is building infrastructure for Amazon and other giants to enter Web3.0
Original source: BitKeep
The first Polygon Consensus Conference 2022, jointly organized by BitKeep and Polygon, officially opened in early May.
Polygon, as a protocol for several scalable solutions connecting the Ethereum blockchain, is on a rapid development track, and the team behind it has also made great strides in the Web3.0 field. The Consensus Conference was co-hosted by BitKeep and Polygon, aiming to link the Polygon ecosystem and build a blockchain-based Web3.0 future.
Aishwary Gupta, the head of Polygon DeFi, focused on the current development trend of DeFi and Web3.0, as well as Polygon's latest product trends and development plans, and gave a speech on the theme of "Polygon, Multilateral Future, Infinite Possibilities" to industry users.
Aishwary Gupta introduced the just-launched Polygon Supernets to users. He believes that an independent chain can solve the privacy issues faced by enterprises. He also mentioned that Polygon will launch more solutions this year to help users make better use of the advantages of blockchain. Referring to Web3.0, he believes that the best way to let people in the Web2 era enter the Web3 era is to make them not feel this change.
The following is the transcript of Aishwary Gupta's speech:
Q: What do you think makes the Polygon team stand out?
AishwaryGupta：I think our commitment is what sets Polygon apart from other blockchains. We all want Pylogon to be successful. Someone recently tweeted that every time I see Polygon people, I think they are working very hard, doing the work of five people alone. That's how high our commitment is. Because of this, we can say with pride that the growth we have achieved and have maintained, and the various research and development achievements we have launched, all come from this sincere dedication.
From our commitment to a common cause. So, if I had to use one word to explain why Polygon is growing at such a high rate, it would be commitment. We have been working tirelessly to ensure that Ethereum continues to scale in any way that is currently possible, and remains dominant for the long term — unrivaled. Back to Ethereum again. But I think that's one of the most important factors I've observed in my experience working with Polygon.
Q2: What is the focus of Polygon's roadmap in 2022?
Aishwary Gupta: First, we want to roll out our multiple solutions as quickly as possible. This is one of Polygon's most important priorities. We have launched the PoS chain, we have launched Bridge. Last week, we also launched another solution on Edge, Polygon Supernets.
Why do Supernets, why Supernets is very important, because there will be many solutions that want to be deployed. For example, tomorrow, Amazon will contact us and say that they hope to conduct all transactions on the blockchain. So they need a separate chain. They can't do these things on the main chain because there is not enough block space, in this case, the transaction cost will be higher, which is contrary to their original intention.
In this case, there needs to be separate chains, which is what Supernets are about. Supernets are basically independent chains, which can solve one of the biggest challenges facing enterprises: privacy issues. They are unwilling to put all transactions on the public chain. They want to move all transactions to the blockchain, but not the public chain. Apparently, this is because they don't want to divulge commercial secrets. No business wants to. So I think Supernets can solve this problem. Why are Supernets important? I think it is because of this particular reason that many companies are now joining the ranks of Web3.
To join Web3, they need a high level of support. Let's say they want us to modify certain aspects of the blockchain to meet their specific needs. I think Polygon Supernets can meet these needs for these enterprises. So, if there are companies in the audience from Web2, I want to tell you that Supernets is for you.
You can have a single chain that handles various transactions without deploying validators globally. Then, what we do is to ensure that nodes with Polygon verifiers and PoS verifiers can be used by you. In this case, you don't have to find new validators or something yourself.
So when it comes to security, Ethernet uses the PoS mechanism to ensure security. So, in a way, your security is not compromised when using a separate chain. And this chain can be modified according to your needs, completely set up for your transaction, you don't need to compete with other solutions or others for block space.
Next we will launch Nightfall first, and then other solutions. So that's Polygon's roadmap - to roll out all the solutions smoothly so everyone can take advantage of blockchain.
Q3: Are there already projects on Supernets?
Aishwary Gupta: ok, of course. There are about 35 items. I can't reveal the names of these projects now because we have signed non-disclosure agreements. However, I can tell you that some large-scale games, some large-scale sports chains, and sports competitions all choose Supernets. There are four types of projects: there are DeFi applications; there are games; there are some NFT projects; and there are enterprises.
So there are a lot of projects already under construction, 35 as of last week. For us, this is already a sign of victory. We are still trying to approach other projects.
Q4: For Web3, what do you think will accelerate the adoption of Web3?
Aishwary Gupta: Regarding Web3, JD sent a tweet two days ago. He said that the best way to get people from the Web2 era into the Web3 era is to make the transition invisible to them. Sounds solid. I think a few things are really important as we jump on the Web3 train.
First, there is education. The meaning of education is to let people understand what Web3 is and how to get into Web3. This may be one of the important milestones in human history. But as things stand right now, Web3 education is mostly developer-centric. But on the user side, on the non-technical side, our education is seriously lacking. This is where we have to go out and make people understand. This is the first point.
Second, when we talk about Web3, we are basically talking about the entrance and exit of this new world. For example, wallets, how fast can we develop and how quickly can we enter the Web3 era? If you want to be part of Web3, you want to use the wallet, you want to invest in tokens, are the available channels convenient? Improving access is a good idea. I think one of the biggest advantages of BitKeep is also in this, you guys are solving this problem. BitKeep integrates all the entrances and exits together.
The third is application. Let's say I'm in the Web3 world. Probably the only reason I didn't go back to Web2 is because of all the things I've earned in the cryptocurrency world, I can't spend them. If I can't spend it, these things will eventually have to be turned into legal currency to be spent. So, if it is possible to develop applications for Web3, so that people can earn 10,000 dollars on Web3 and spend 10,000 dollars on Web3, and they can buy whatever they want, such as daily necessities or luxury goods, then it will be great. Bravo. These are the three main points that I think will move people from Web2 to Web3.
Q5: Do you think encrypted wallets are the key for most people to join Web3?
Aishwary Gupta: certainly. As I said before on the second point, wallets are the key to our entry into the Web3 world. I think that's one of the points. If the user experience from the Web3 wallet is similar to that from the Web2 wallet, that is to say, it is a familiar experience they are accustomed to, then it will be easier for them to accept and use the Web3 wallet.
If I put the money in the BitKeep wallet, and then I can apply for a card locally, such as a credit card or debit card, and then I can take it out for physical consumption or online consumption, then it will be easy to accept.
So, I think the wallet will have a very important utility. Obviously, when people approach a token wallet, they expect to have a lot of applications in it, and they want to have a lot of tokens that they can buy directly. Therefore, it is also a great advantage that BitKeep supports so many tokens, and it is even more attractive to potential users.
Q6: In last year's DeFi Summer, we witnessed Polygon's many innovations in DeFi. Are you planning to have DeFi Summer 2.0 this summer? What important initiatives will Polygon DeFi have in the coming summer?
Aishwary Gupta: Last year's DeFi Summer was held for a special reason, that is, there were many innovations, many new things, in DeFi. I said it is more complicated, but in a word, many new products have appeared, so last year's DeFi summer was a matter of course.
There should be many new products this year. As for the reason, of course it is because there is also a DeFi summer this year. There is a lot of new stuff being developed in the DeFi space right now, and mostly at Polygon. I think new solutions are choosing Polygon. For example, a lot of people are talking about liquid staking right now, but Polygon doesn’t have that product yet. So that's the next move. Many people and many platforms are deploying liquid staking. The governance mechanism has basically taken shape. So we can see that Curve Wars is happening everywhere. Likewise, Curve Wars takes place on Polygon.
Besides that, I think token economics is very, very hot right now. For example, there are projects such as Oviex, Dystopia, and Penrose, and everyone is talking about the development of this thing. So, I don't think the innovation has stopped. If innovation does not stop, then every summer, we can come to the DeFi Summer to let everyone see what innovations have been made. As long as innovation does not stop, the summer of DeFi will not stop. So I think there will be a DeFi summer this year too. Because we have a lot of these solutions coming out. Many innovations came out. Better structured products are also emerging.
Last year, when we talked about borrowing, the focus was on overcollateralization. And this year, we have real-time mortgages, real mortgages, and under-collateralized situations. So, yes, things have been improving. Now there are loans... Before, if we took out a loan, we had to pay interest. And now we see interest-free loans. So things have changed a lot. As we will see, many innovations are already within reach.
