Polygon’s Communication Failure: A Disconnect Between Teams
It was reported that Sandeep Nailwal, the co-founder of Polygon, had previously talked about the functions of the main network of Polygon on social media. Howe…
It was reported that Sandeep Nailwal, the co-founder of Polygon, had previously talked about the functions of the main network of Polygon on social media. However, some users are not satisfied with this. Many users object to the comparison between zkEVM and Ethereum. Shortly after the criticism of the encryption community, Ryan Wyatt, president of Polygon Labs, apologized and claimed that “there was a disconnect between the teams”.
The community’s criticism of the main network function of Polygon has affected the overall mood, and NFT and DeFi have been affected
Interpretation of the news:
Polygon, the Indian startup of blockchain solutions, has faced recent criticism due to a strong communication failure between its teams as Sandeep Nailwal, the co-founder of Polygon, discussed on social media the functions of the main network of Polygon. The statements about zkEVM and Ethereum did not satisfy users, leading to widespread criticism from the encryption community. Users objected to the comparison between both networks, and Polygon faced backlash due to the lack of clarity about the platform’s actual benefits.
Polygon’s communication strategy has been under scrutiny since it was founded as an Ethereum scaling solution in 2017. It aims to create interconnected blockchain networks that offer fast and cheap transactions with a focus on applications that require high throughputs such as Decentralized Finance (DeFi). However, this recent issue shows that miscommunication can quickly snowball into negative publicity.
One of Polygon’s key features is divided into three main parts: the Ethereum Chain, the Polygon SDK, and the Polygon Network. Ethereum chain focuses on linking other blockchain networks to Ethereum. The Polygon SDK offers developers the tools necessary to create custom blockchains or compatible protocols as well as quick deployment of an NFT marketplace. Finally, the Polygon Network offers public infrastructure for the ecosystem on its Layer 2 network, which enables efficiency and lower gas fees.
Polygon’s own set of tokens and currency further streamlines payment and helps to reduce conversion delays between cryptocurrencies. However, the lack of clarity for consumers shows that Polygon’s marketing team has a strong need to improve its outreach strategy.
Polygon’s president Ryan Wyatt quickly apologized for his team’s failure to connect and de-escalate the issue. This apology was a wise move to help de-escalate the situation and win back the trust of the public who invest in the company. It illustrates the importance of revising and refining communication strategies in response to sudden, unfavourable negative reactions from the public.
In conclusion, Polygon is an essential facet in the blockchain ecosystem that aims to deliver solutions for high-throughput transactions with the benefits of lower gas fees. They must now focus on improving their communication strategies to connect better internally and to the public. Polygon must work to ensure that the plans they discuss publicly or within different factions of their teams align with long-term, client-facing goals.
Word count: 400
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3927/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
PeckShield Monitoring Data Reveals Zero Transfer Scam that Cost Victims 20,000 USDTs #
According to reports, PeckShield monitoring data shows that a Zero Transfer scammer scammed 20000 USDTs from addresses starting with 0x532265.
Zero transfer scammers scammed 20000 -
The Use of Tornado Cash by Hackers: A Dangerous Trend
It is reported that according to CertiK monitoring, the black address 0x9D3B5 marked as “Nimbus Platform Explorer 2” by Bscscan… has transferred the funds to Tornado Cash. So far, Nimbus Platform attackers have transferred 278 BNBs (approximately $91000). The black address marked “Nimbus Platform Explorer 2” by Bscscan has transferred funds to Tornado Cash Analysis based on this information:The rise of cryptocurrency has been a game-changer in the world of finance. The decentralized nature of these currencies makes them attractive to users as they provide anonymity and flexibility, without the need for a central authority. However, this new technology has also brought with it new risks and vulnerabilities. One of these vulnerabilities lies in the ability of hackers to use Tornado Cash to launder money stolen from unsuspecting victims. Tornado Cash is a decentralized, non-custodial, and privacy-focused Ethereum mixer that enables users to send and receive Ethereum in a way that is virtually untraceable. The service takes advantage of zero-knowledge…
-
FDIC Increases Flexibility in Selling Silicon Valley Bank
It is reported that, according to people familiar with the matter, after failing to find a buyer for the Silicon Valley Bank at the weekend, officials of the Federal Deposit Insurance Corporation told the Senate Republicans on Monday that they had greater flexibility in selling the company, in view of the fact that the regulator had announced that the company’s collapse posed a threat to the financial system, that is, the regulator could be more flexible in providing preferential conditions such as loss sharing agreements to potential buyers. FDIC officials told members of Congress on Monday that although there was no major American bank bidding for Silicon Valley banks in the auction on Sunday, at least one institution made a takeover offer, which was rejected by FDIC. At present, the schedule of the second auction is not clear. Insider: US FDIC is preparing to auction Silicon Valley Bank again Analysis based on this information:According to sources familiar with the matter,…
-
What can Phoenix miner dig
What Phoenix miner can dig Before the Filecoin main network is about to go online, Phoenix miner has already started testing According to the official introduction, what can Phoenix Miner dig? Through Phoenix miner, Bitcoin mining can be divided into two stages: the first is when the preparation work begins; In the second stage, more currencies will be gradually added for mining, and new currencies and algorithms will be continuously added for users to purchase and use; After the end of the third stage, more tokens will be automatically added to support your investment portfolio. There is currently no specific reward plan for computing power phoenix minerRecently, the Blockchain Technology and Application Summit Forum hosted by the China Computer Federation (CCF) was held in Guiyang. This event brought together nearly 100 engineers and industry leaders from all over the country engaged in intelligent hardware research and development, sales, and consulting At the meeting, participants had extensive attention and discussion on…
-
What is cryptocurrency trading (cryptocurrency trading system)?
What is cryptocurrency trading? According to Coindesk, how does cryptocurrency
-
Former Ledger Executive Raising Millions for NFT Art Fund
According to reports, Jean Michel Pailhon, a former Ledger executive, is raising up to $25 million for an NFT art fund. The fund will give priority to blockchain art with “cultural influence”. The fund hopes to mainly attract non encrypted local investors, paying special attention to institutions that already hold physical artwork in their offices and want to access blockchain based NFT artwork. Jean Michel Pailhon, a former executive at Ledger, raised $25 million for the NFT Art Fund Analysis based on this information:Reports indicate that former Ledger executive Jean Michel Pailhon is currently in the process of raising up to $25 million for an NFT (Non-Fungible Token) art fund. The fund is specifically designed to give priority to blockchain art that has “cultural influence” and seeks to attract local investors – particularly those who are not experienced in the crypto market. The idea behind the fund is to allow institutions that already have physical artwork in their offices…
-
BIKA secures $10 million funding round to boost growth and expansion
According to the official news, in a letter from BIKA to global investors, it was disclosed that BIKA had completed a round of financing of US $10 million, led…
-
Compound III to Integrate Polygon Smart Contract
It is reported that the members of the Compound team said in the Discord community that Compound III plans to deploy the Polygon smart contract within this wee…
-
US Stock Market Closes Down, Nasdaq Takes a Hit
It is reported that the US stock market closed, and the three major stock indexes closed down. The Dow Jones Index closed up 40.08 points, or 0.12%, at 33431.0…
-
#Ethereum Re Pledge Agreement EigenLayer Completes a $50 Million Round A Financing
According to reports, the Ethereum Re Pledge Agreement EigenLayer completed a round A financing of US $50 million, with Blockchain Capital leading the investment, and other investo
-
The Digital Collection Weekly Index rose 8.7 points to 64.0 points
According to reports, according to peer data, the International Weekly Index of Digital Collections increased by 3.4 points to 17.7 points last week (March 28th to April 3rd, 2023)
-
19231 ETHs transferred from unknown wallet to Coinbase
According to reports, according to WhaleAlert monitoring data, 19231 ETHs ($35948490) were transferred from unknown wallets to Coinbase.
19231 ETHs transferred from unknown wallet -
12:00-21:00: A Brief Look at Customia, Arbitrum, LTC Halving, and Yellen
12:00-21:00 Key words: Customia, Arbitrum, LTC halving, Yellen
Overview of important developments in the evening of March 25th
If you’re interested in the latest news and trends in -
Aspen Digital appoints Elliot Andrews, Head of Business Development, as CEO
On April 1st, Aspen Digital, a financial technology platform incubated by Everest Ventures Group, announced the appointment of Elliot Andrews as CEO (effective April 1st, 2023). El
-
Crypto whale “0xe8c1” shorts Ethereum and Bitcoin on GMX
On March 11, it was reported that Lookonchain monitoring data showed that the crypto giant whale \”0xe8c1\” shorted Ethereum and Bitcoin on GMX, and the current …
-
When will Bitcoin production halve (Bitcoin production halve every 4 years)
When will Bitcoin production halve? With the decrease in blockchain rewards and the rise in Bitcoin prices, more and more people are paying attention to the upcoming round of mining difficulty adjustment (Bitcoin DifficultyReduction) According to the latest data statistics from BTC.com, currently 6 nodes have achieved mining computing power exceeding 1EH/s. Five of them are the ‘Proof of Capacity’ (POC) consensus algorithm, which means that if all transactions on the Bitcoin network are packaged in a new block, no one can use the blockchain to run validation programs, then this number will increase significantly. In addition, from a technical analysis perspective, it is expected that more miners will join in the new mining The other one is from Japan. According to Cointelgraph, the Japanese government announced on April 24 that it would implement a strict regulatory system for Gopax, the Cryptocurrency exchange. Previously, the Financial Services Agency of Japan had issued the “Notice on Strengthening the Management of Virtual…