After guiding Polygon through a transformative six-year journey, co-founder Jaynti Kanani has recently announced a shift in his role away from daily operations.
However, his unwavering dedication to Polygon remains resolute as he endeavours to contribute actively “from the sidelines,” exploring new avenues for personal growth and innovation.
The inception of the blockchain initiative, initially known as the Matic network in 2017, owes its existence to a consortium of brilliant minds, including Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.
Sandeep, Polygon’s fellow co-founder, candidly expressed his sentiments on social media, acknowledging the emotional aspect of Jaynti’s departure.
Yet, he extended his best wishes to his departing partner, emphasising their continued commitment to driving Polygon’s progress, whether from within Polygon Labs or beyond.
While Polygon’s website lists ten co-founders, many of them are actively involved in steering various platform-centric projects.
Anurag’s recent departure, for example, led to the emergence of Avail, a pioneering blockchain data availability protocol.
Furthermore, Polygon Labs has initiated the acceptance of improvement proposals designed to facilitate the transition of the network to Polygon 2.0, as announced in June.
This evolving ecosystem will leverage zero-knowledge proofs and encompass four distinct protocol layers focusing on staking, interoperation, execution, and verification.
As of the time of writing, developers are working towards bringing Polygon 2.0 to life.
Another significant milestone in 2023 was the open-sourcing of Polygon’s Web3 ID solution.
This strategic move empowers developers to utilise zero-knowledge proofs for confidentially managing user credentials and identities.
The versatile toolset facilitates the utilisation of off-chain data for on-chain verification, broadening its potential applications across diverse sectors such as KYC verification, e-commerce, and decentralised autonomous organisation (DAO) administration.
In a pivotal partnership, Polygon further fortified the security and trustworthiness of its platform by welcoming Google Cloud as a validator on its proof-of-stake network.
This integration, harnessing the same infrastructure that powers prominent services like YouTube and Gmail, enhances the overall security posture of the network, bolstering its resilience and reliability.
* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.
