Hi!
I know this question is related to Polygon but I would like to have the Ethereum community’s point of view. After all, Polygon is a scalability solution for Ethereum and each one is making the other one better.
When I read about Polygon, half of the time, it is described as a Layer 2 solution. However, upon closer examination, it appears that technically, it functions as a sidechain.
I understand the distinction between Layer 2 and sidechain at a high level: Layer 2 security relies on Ethereum, whereas a sidechain is a completely independant chain that manages its own security with its own set of validators and consensus.
Though, I don´t really understand:
- what makes people think Polygon is a Layer 2. I also could ask “What part of Polygon architecture follows the Layer 2 pattern?” ;
- what makes actually Polygon a sidechain. I also could ask “What part of Polygon architecture follows the sidechain pattern?”.
I hope my questions are clear.
Thank your for reading and sharing your thoughts / explanations!
And it’s controlled by a 5 of 7 (or 8?) multisig? I see it as a great representation of how little security and decentralization actually matter to money grabbers.
The real layer 2 chains are not any better in this regard. Arbitrum, Optimism, etc they all have multisig admin keys that can steal funds from the bridges, etc.
Metis is trying to decentralize their sequencer if I remember correctly.
ETH is also very centralized and is pretty unsecure.