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“Our dream when we started @OxPolygon was to become the go-to Web3 platform; one that will constantly push the frontiers of innovation and adoption until we bring the world to Ethereum. In 4 days, a new chapter will start. Polygon is reaching where we always wanted to be.”

A Peek into Paris

Polygon Leaders Tease Game-Changing News at Paris Conference

By The MATIC MAN

Most significant technological breakthrough. Defining moment. A new chapter.

This is the type of verbiage being tossed about to describe the announcement set to be made by the Polygon team this week at the Ethereum Community Conference (EthCC) in Paris. Ryan Wyatt, CEO of Polygon Studios, teased the upcoming big news in a tweet on July 16.

“The team is off to Paris to unveil in 4 days the most significant technological breakthrough for @0xPolygon. The work the Zk team has been doing is nothing short of incredible! We will look back one day at this point as a defining moment in the company’s history.”

What exactly is this earth-shattering, crypto-landscape altering message that will be revealed this week beneath the shadow of the Eiffel Tower? The excitement in the Polygon community, which is already abuzz with the almost daily announcements in July of new partnerships, is now at a fever pitch. Price action of Polygon’s native token $MATIC, which had bottomed out at .31 on June 18, has mirrored this fervor among Polygon People in recent days, as the price skyrocketed to .90 exactly one month later.

What mic-dropping knowledge will be presented in Paris? The OG in the Polygon community chimed in with their predictions. @GbhoyDownUnder (aka Gbhoy), who has been a pillar in the Polygon community for years, offered his assessment of what is about to go down at EthCC. “Got to be huge. Sandeep has never been one to announce before an announcement really.Only a few times has he given that tactic the thumbs up. Possibly a huge world famous brand is on testnet for zk stuff.”

@DresDes1gn (aka Spaceman Spliff), whose Polygon-themed designs have been used by so many in the community, is confident that he knows what all the hoopla is about. “Polygon Hermez 2.0. As the world’s first zkEVM, this revolutionary design will completely change the Ethereum landscape going forward into the future.”

What’s the big deal about Hermez? Polygon is set to release the second iteration of this groundbreaking technology, as Hermez 1.0 has been running since March 2021. The newer version will address (and overcome) the deficiencies of the past with a permissionless, decentralized, secure and efficient design. Hermez was originally structured on ZK-rollup infrastructure that enabled it to scale transactions on the Ethereum mainnet to the magnitude of 2,000 tps. Hermez 2.0 will help establish a smooth co-existence between decentralized applications and their users and also introduce smart contract support.

With the announcement to be made at EthCC, it seems apparent that the news will be welcomed, not just by Polygon People, but by the Ethereum community as a whole. Polygon, in contrast to the so-called “ETH Killers” that have sprung up in recent years, has always positioned itself as a complement to Ethereum, working side-by-side to try to solve the Blockchain Trilemma: decentralization, scalability, and security.

Polygon co-founder Mihailo Bjelic spoke about this unique relationship between the two crypto superpowers in a tweet on July 17. “When we started @OxPolygon, the Ethereum community embraced us. That empowered us to onboard 30k apps and 150M users and become a giant among scaling efforts and alt L1s. We made a promise to stay committed and give back to Ethereum. In 3 days, we are delivering on that.”

Despite their recent selection by Disney to be a part of their prestigious Accelerator Program, it should be clear by now that Polygon is no “Mickey Mouse Operation.” With an incredible leadership team, clear vision, and rapidly expanding ecosystem, Polygon has established itself as a major player in Web3. On July 16, Bjelic spoke about Polygon’s progress.

“Our dream when we started @OxPolygon was to become the go-to Web3 platform; one that will constantly push the frontiers of innovation and adoption until we bring the world to Ethereum. In 4 days, a new chapter will start. Polygon is reaching where we always wanted to be.”

Dreams do come true in Paris. By the time the last au revoir is said at EthCC this week, Polygon People will know much more about the future of their favorite project.

Written By

The Matic Man

Jul 18, 2022