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Sooner or later ETH will overtake Bitcoin and become the global standard, Polygon co-founder Sandeep Nailwal said in an exclusive interview with Cointelegraph.
Nailwal believes Ethereum will ultimately become “the ultimate settlement layer” for the DeFi space. Polygon will play a major role in ensuring the long-term success of Ethereum through its scalability solution. Despite growing competition from other Layer 1 protocols, such as Solana, Nailwal believes it is still too early to talk about an Ethereum killer.
The Ethereum chain, due to its fundamentals, security, level of decentralization, and the community and trust it has built as a chain over time, is just beyond the reach of any other chain, he asserted.
According to the Polygon co-founder, Etheruem will eventually prove to be superior even to Bitcoin because it has a greater number of use cases. Nailwal believes that if Bitcoin does not extend its usefulness beyond the mere function of the monetary system, it might not survive in the long term as a Layer 1 protocol.
It might take 10 years, but I don’t see a world where multiple Layer 1 protocols exist. “
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