AMA Recap: CRYPTO MINERS X POLYGON

Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security. Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness. Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions. Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block.

We hosted an AMA session with Polygon on 22nd September.

▶️ We previously hosted AMA with Polygon on 11 August, 2022 , take a look here: https://link.medium.com/0FAVnChTRsb

Mr. Ramsy was the host from Crypto Miners and Mr. Nishit was the guest. He shared with us the features and advantages of Polygon.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to Our Another #Exclusive AMA session With Polygon 🤩

To help us learn more about Polygon, We are lucky to be joined By Mr. Nishit

Hey Nishit 👋

Nishit Mehrotra | Polygon:
Hi Ramsy and greetings to everyone who has tuned in for this AMA! 👋

Ramsy | Crypto Miners:
Welcome here Mate

Thanks for Joining with us today ❤️

Nishit Mehrotra | Polygon:
Thanks, mate!

Happy to be here 💜

Ramsy | Crypto Miners:
First of all Can you Make a self introduction to the community?

Nishit Mehrotra | Polygon:
Yes, for sure.

Hi everyone 👋

I’m Nishit Mehrotra aka 0xNicky. I’m working as a Global Ecosystem Marketing Lead at Polygon for the past 1.5 years.

A little bit about my background — I’m a passionate GenZ Marketer with 5+ yrs of experience who 💜 Automobiles, Web3 & Memes!

Follow me on Twitter

Ramsy | Crypto Miners:
Glad to have you today 🥂

Nishit Mehrotra | Polygon:
Thanks for having me over 🤝

Ramsy | Crypto Miners:
Now let’s explore more about Polygon 🤩

Shall we Nishit?

Nishit Mehrotra | Polygon:
Yes, for sure 👌

Ramsy | Crypto Miners:
1. Give a concise and brief introduction about Polygon.
How it is playing its role in web3?

Nishit Mehrotra | Polygon:
Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for Web3.

Our growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone, and enterprise chains, and data availability.

Polygon’s scaling solutions have seen widespread adoption with 37,000+ decentralized applications hosted, 1.6B+ total transactions processed, 164M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.

Polygon is empowering developers to build Web3 for the world and onboard the next 1 BN users on Ethereum!

If you’re an Ethereum Developer, you’re already a Polygon developer!

Leverage Polygon’s fast and secure transactions for your dApp, get started here — https://docs.polygon.technology/docs/develop/getting-started

Ramsy | Crypto Miners:
Thanks Nishit for this fantastic start about Polygon

Among many Top Projects, Polygon’’s achievement is not easy

Nishit Mehrotra | Polygon:
Mention not, Ramsy!
As our co-founders Sandeep and Mihailo have always mentioned — “We are just getting started with our journey” so stay tuned folks! 🚀💜

Ramsy | Crypto Miners:
Alright 😃
So What are the features of Polygon that make it superior and special as compared to its competitors?

Nishit Mehrotra | Polygon:
Polygon is leading the pack to become “AWS of Web3” with a suite of Ethereum scaling solutions that is easily accessible to developers.

Polygon’s blazing fast, secure, low-cost, carbon-neutral network and thriving ecosystem of 37,000+ dApps is the perfect foundation for why Web2 giants like Adobe, Dolce&Gabbana, eBay, Instagram, Nothing, Reddit, Stripe, Starbucks, and many more Web2 giants have chosen Polygon as their default gateway to Web3.

On top of that, OpenSea, Sandbox, Robinhood, and many more Web3 giants are an integral part of Polygon’s thriving ecosystem.

Ramsy | Crypto Miners:
3. What facilities and services Polygon provides to developers so that they can build on Polygon?

Nishit Mehrotra | Polygon:
We support developers in every stage of their development so that they can start building on Polygon. They get access to:

1) Infrastructure Support
2) Technical Assistance
3) Security Audits
4) Access to Venture Capital (VCs) & Liquidity Providers
5) Marketing Support
6) Analytics Support

To know more, please read this blog — https://blog.polygon.technology/7-reasons-to-start-building-on-polygon-right-now/

Ramsy | Crypto Miners:
That’s nice 👌

Now Tell us about Starbucks x Polygon. What it’ll bring to the ecosystem?

Nishit Mehrotra | Polygon:
Starbucks is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey.

As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the US to earn and purchase digital collectible stamps in the form of non-fungible tokens (NFTs).

This one-of-a-kind loyalty program experience is powered by the low fees and high transaction speeds on the Polygon PoS network. 💜

To know more about the partnership, please read 👉 https://polygon.technology/blog/starbucks-taps-polygon-for-its-starbucks-odyssey-web3-experience

Ramsy | Crypto Miners:
Also, tell us about Polygon DAO

Nishit Mehrotra | Polygon:
Sure 👍

Polygon DAO is the centerpiece of Polygon’s long-term strategy of progressively decentralizing the protocol and turning over control to the community.

The DAO launched Polygon Village in April 2022 as a one-stop shop where developers get access to everything they need to build, grow, and showcase their Web3 initiatives.

The program was born from Polygon’s desire to offer comprehensive, quality support to the projects built on Polygon.

The Polygon Village initiative is managed by the DAO for two reasons:

1) to allow for a progressive decentralization.

2) because the DAO represents the ecosystem and the support program is dedicated to the ecosystem itself.

You can learn more about Polygon Village here 👉 https://blog.polygon.technology/polygon-village-brings-the-entire-web3-ecosystem-under-one-roof/

Ramsy | Crypto Miners:
Now let’s move to our last question from this segment

5. What are you focusing on right now? Building and developing products or engaging customers and users? Could you please share it with us?

Nishit Mehrotra | Polygon:
Polygon is focusing on BOTH — building and developing products to empower our amazing developer community so that they can BUIDL Web3 for the world and in parallel engaging with our customers and end-users.

Ramsy | Crypto Miners:
Thanks Nishit for this well detailed introduction about Polygon 💜

And that’s the wrap up of our the first part of the AMA session ✅

Let’s now proceed to our last Segment — Live Q&A

I hope you’re ready for that!!

Nishit Mehrotra | Polygon:
Yes, I’m 👌

Ramsy | Crypto Miners:
Lets go then

Segment 2️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1) Chukky:
How does the transition of Ethereum from POS to POW affect Polygon?

Nishit Mehrotra | Polygon:
The merge is only good news for Polygon 🙌

The effect of the Merge on:

Using Polygon PoS: The Merge will have no effect on Polygon smart contracts already deployed on Ethereum.

Polygon Bridge: There are no modifications to the Polygon Bridge after the Merge. But deposit and withdrawal times will be longer as a consequence of Ethereum’s extended time to network finality.

Environmental impact: Polygon’s network emissions will reduce drastically because Ethereum’s energy efficiency will improve by 99%. Polygon’s relationship with Ethereum accounts for more than 95% of our own emissions.

Cost: The Merge will not increase network capacity. It is only a change in consensus. So it will not result in lower gas.

Speed: Proof of stake will not increase transaction speeds.

Security: The Merge will improve Ethereum’s security against coordinated attacks.

Read more about it here

I noticed that a lot of folks here had concerns about how does ETH Merge affects Polygon so I decided to give a combined answer above. Hope that helps!

2) NFT BOSS:
Is your company hiring or planning job openings for talented individuals? If so, what are the requirements needed? How are you expanding in size and technologies?

Nishit Mehrotra | Polygon:
We have more than 100+ open roles at Polygon and 500+ across the Polygon ecosystem.

Explore & Apply for your suitable role here

*This segment ends here*

Ramsy | Crypto Miners:
Thankyou so Much Nishit For your valuable answers and information about Polygon 💜

Nishit Mehrotra | Polygon:
You’re always welcome, mate! 💜

Thanks everyone for joining the AMA 🙌

Ramsy | Crypto Miners:
Time To Conclude Our AMA Session

Thank you again

Community, If you would like to learn more about Polygon, here are some useful links for you:

Website: http://polygon.technology/
Twitter: https://twitter.com/0xPolygon
Telegram: https://t.me/polygonofficial
Discord: https://discord.gg/0xPolygon
Instagram: https://www.instagram.com/0xpolygon/
Reddit: https://www.reddit.com/r/0xPolygon/