People probably think that because Polygon has always claimed to be a Layer 2 and the press just repeated it cause they don’t know any better.
Now that they have a half-assed zkEVM side project, they can also claim they actually are an L2, even though they really only care about their sidechain business.
Unfortunately, that’s the state of crypto these days. For most, the goal is to pretend to be decentralized, censorship resistant, trustless, anti-establishment, yadayada… all to distract from the reality that power is concentrated in the hands of a few founders and investors with even less accountability than a traditional corporation.
People probably think that because Polygon has always claimed to be a Layer 2 and the press just repeated it cause they don’t know any better.
Now that they have a half-assed zkEVM side project, they can also claim they actually are an L2, even though they really only care about their sidechain business.
Unfortunately, that’s the state of crypto these days. For most, the goal is to pretend to be decentralized, censorship resistant, trustless, anti-establishment, yadayada… all to distract from the reality that power is concentrated in the hands of a few founders and investors with even less accountability than a traditional corporation.