Cryptocurrency Q&A
Is Polygon centralized or decentralized?
Is Polygon centralized or decentralized?
alexander_smith_musician
Sun Oct 06 2024
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7 answers
2041
Could you please clarify the structure of Polygon's network for me? I'm interested in understanding if it leans towards a centralized or decentralized model. How does its architecture and governance system contribute to its overall decentralization, if any? I'd appreciate any insights you have on this topic.
7 answers
KimonoGlitter
Tue Oct 08 2024
Prior to this announcement, Polygon had strategically acquired Hermez, a cutting-edge zero-knowledge (ZK) rollup platform.
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Leonardo
Tue Oct 08 2024
Hermez's integration into Polygon's architecture was envisioned to facilitate the transition towards a cross-chain protocol, enhancing interoperability and scalability.
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Chiara
Tue Oct 08 2024
Polygon, a prominent player in the blockchain ecosystem, unveiled plans in August 2021 aimed at bolstering its decentralization initiatives.
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GeishaElegance
Tue Oct 08 2024
By leveraging Hermez's capabilities, Polygon aims to streamline cross-chain transactions, enabling seamless value exchange across various blockchains.
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KpopStarletShine
Tue Oct 08 2024
At the core of these endeavors stood the announcement of a decentralized autonomous organization (DAO), marking a significant milestone in Polygon's journey.
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