Nailwal Reveals Future Plans
During his keynote address at the Token2049 conference in Singapore, Nailwal highlighted the potential of self-referential ZK-proof technology to power Polygon 2.0 scaling initiatives and create a seamlessly interoperable blockchain ecosystem.
Nailwal emphasized the similarities between Web2 and Web3 in terms of form and function, underlining Web3’s role not only as the internet of information with nearly limitless scalability but also as a platform capable of swiftly transmitting information in various formats globally. He stressed the significance of an interoperability layer that unites different chains under a common ZK-proof layer, leveraging Web3’s capabilities as the internet of information.
“Once these two technologies are introduced in the Ethereum ecosystem, we will have a mechanism with a global status quo on Ethereum, and then all kinds of liquidity can move across the chain without coming to Ethereum.”
We Need a Larger Ecosystem
Nailwal anticipates that the key to this interoperability layer, expected to be operational in the coming months, lies in self-referential ZK-proofs technology. This innovation will enable various blockchain networks to reference ZK-proof blocks, with the collector sending aggregated data samples to the Ethereum network.
Nailwal’s vision is to reduce this proving process to approximately two seconds, enabling every chain to transmit data about its ecosystem or chain to the collector every two seconds. He believes that interchain transactions can be completed within four to five seconds, which is one-third of the Ethereum block time, creating the sensation of a single, expansive block space. Nailwal also highlighted the potential benefits of high liquidity chains like zkEVM and proof-of-stake chains, which can add value to applications. He expressed the interest of larger Layer-1 blockchain platforms in joining an interoperable ecosystem:
“Anyone can join this ecosystem, and it’s a mutually beneficial move because everyone benefits from each other’s liquidity.”
Polygon’s beta version of zkEVM was deployed on the mainnet in March 2023, empowering developers to utilize smart contracts and decentralized applications that deliver faster performance and lower costs compared to the Ethereum ecosystem. The company has also recently unveiled the Chain Development Kit, enabling developers to create, customize, and deploy Layer-2 chains connected to the broader Ethereum ecosystem.
