Polygon co-founder Jaynti Kanani Steps Down, Continues to Contribute on the Sidelines
The co-founder of Polygon, Jaynti Kanani, recently announced that he is stepping back from the day-to-day operations of the project after six years of hard work. However, he will continue to contribute to Polygon from the sidelines, focusing on new adventures in the cryptocurrency world.
Kanani, along with software engineers Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic, played a crucial role in founding the Matic network in 2017, which later rebranded to become Polygon.
This news was met with emotional responses from Kanani’s fellow co-founder, Nailwal, who expressed gratitude for the journey they had shared and wished they could have done more together.
Polygon’s Continued Growth
Polygon, with its ambitious goals in the cryptocurrency space, continues to thrive despite Kanani’s step back. The protocol currently boasts ten co-founders, some of whom are involved in side projects on the platform.
One notable departure from Polygon was Anurag Arjun, who left in March to pursue the spin-off of blockchain data availability protocol Avail.
Polygon Labs, the team behind the protocol, has been accepting improvement proposals to transition the network to Polygon 2.0. This new ecosystem will utilize zero-knowledge proofs and consist of four protocol layers focused on staking, interoperability, execution, and proving.
Currently, developers are hard at work bringing Polygon 2.0 to life, ensuring that the network continues to evolve and provide innovative solutions to the cryptocurrency community.
Polygon and the Future of Scaling Blockchains
Polygon has been gaining recognition in the cryptocurrency world for its commitment to scaling blockchains. ZK-rollups, a scaling solution utilizing zero-knowledge proofs, are seen as the endgame for Polygon’s vision.
The Miden founder of Polygon Magazine recently praised ZK-rollups as a key component in scaling blockchains, highlighting Polygon’s focus on innovation and long-term success.
Editor Notes: The Future of Polygon
While Jaynti Kanani’s step back from Polygon may seem like a significant change, it is important to remember that many co-founders continue to contribute to the project. Polygon’s commitment to innovation and its strong team of developers ensure that the future of the protocol remains bright.
If you want to stay updated on the latest news and developments in the cryptocurrency world, be sure to check out Uber Crypto News. They provide in-depth coverage of the crypto industry, keeping you informed and empowered.