Michaela
Sandeep Nailwal, CEO of the Polygon Foundation, has publicly questioned his continued loyalty to Ethereum, criticizing the network’s leaders for downplaying Polygon’s legitimacy as a genuine Layer-2 scaling solution.
Key points:
- Polygon CEO Sandeep Nailwal questioned his loyalty to Ethereum and criticized both the Foundation and community for offering little support despite Polygon’s major contributions.
- Nailwal and Solana Foundation advisor Akshay BD voiced frustration with what they described as Ethereum’s socialistic behavior and dismissive treatment of projects like Polygon.
- Ethereum co-founder Vitalik Buterin acknowledged Polygon’s achievements, including its zk-EVM technology, but noted it still lacks a proof system to qualify as a true Layer-2 network.
“I’ve started questioning my loyalty toward Ethereum. I did not come into crypto because of Bitcoin but because of Ethereum,” Nailwal wrote in an October 20 X post. “Though I/we never got any direct support from the EF or the Ethereum CT community — in fact, the reverse. But I have always felt moral loyalty towards Ethereum even if [it] costs me billions of dollars in Polygon’s valuation perhaps,” he added.
In addition to his criticism of the Ethereum Foundation, Nailwal took aim at the broader Ethereum community, describing it as a “shit show” and urging members to engage in serious self-reflection.
“Why does it feel like every other week, someone with major contributions to Ethereum has to publicly question what they’re even doing here? Just go your own way already,” Nailwal wrote.
Nailwal also cited Akshay BD, senior advisor at the Solana Foundation, spotlighting his similar frustrations with the Ethereum community. According to Nailwal, Akshay grew disillusioned with what he described as the community’s “socialistic behavior,” claiming that projects like Polygon, despite making major contributions, were often ridiculed over arbitrary technical definitions.
Furthermore, Nailwal claimed that the Ethereum community was deliberately distancing Polygon from being recognized as a true Layer-2 network or being factored into the market’s perception of the “Ethereum Beta.” He argued that this stance overlooks the reality that Polygon PoS is deeply interconnected with Ethereum, even as newer networks within the Polygon ecosystem, such as Katan and XLayer, represent genuine Layer-2 solutions.
Ethereum co-founder Vitalik Buterin later responded to Nailwal’s remarks, recognizing Polygon’s notable contributions to the Ethereum ecosystem. He noted the network’s role in hosting major platforms like Polymarket and its advancements in zk-EVM technology. However, Buterin also pointed out that Polygon still lacks a proof system necessary to deliver the full security assurances expected of Ethereum layer-2 solutions.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
