Polygon Studios' Ryan Watt talks Web3's core principles and fairer internet
The year 2022 in crypto was eventful in many ways. However, the negative impacts of a bear market dampened the excitement around the blockchain upgrades that significantly brought crypto ecosystems closer to the future of finance.
For Bitcoin, it was the Taproot soft fork upgrade, which was aimed at improving the scripting capabilities and privacy of the Bitcoin network. Ethereum underwent the Merge upgrade to transition from a proof-of-work to a proof-of-stake (PoS) consensus mechanism.
Leading decentralized Ethereum scaling platform Polygon kicked off the year with mainnet upgrades based on Ethereum Improvement Proposal (EIP)-1559, otherwise known as the London hard fork. The upgrade was accompanied by Polygon (MATIC) token burning and better fee visibility.
On Jan. 25, Ryan Wyatt joined Polygon Studios as the CEO after resigning from YouTube as global head of gaming. Speaking to Cointelegraph, Wyatt discussed the importance of timely blockchain upgrades and his vision for Polygon.
Cointelegraph: What is your perspective on blockchain upgrades when it comes to Polygon? What are some key points of consideration when discussing changes to the network?
Ryan Wyatt: As with everything we do, Polygon takes a holistic approach to upgrades. There are always multiple different solutions to every issue, so it is more productive to explore as many of them as possible. There are many paths to explore when it comes to Ethereum scaling, and aggregating multiple solutions together represent the most promising strategic approach.
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