Polygon co-founder Sandeep Nailwal has debunked one of the most damaging myths propagated by ardent blockchain skeptics and that is the fact that the Web3 revolution is not just about tackling “new” problems.

Sandeep recently shared his views on how blockchain systems should handle many monetary, social, and other issues on Twitter earlier this week.

He asserts that celebrity industry speakers should not disparage blockchain companies’ proposals for use as “imaginary” or unreal.

Sandeep further argues that a large proportion, if not all, of blockchains are focused on improving the way current technical mechanisms solve “old” difficulties inside and outside the fintech industry.

Therefore, creating new application scenarios for blockchain-based technologies does not seem reasonable in the context of promoting blockchain integration on a global scale and solving pressing problems between countries.

meanwhile it was confirmed Earlier last week that Polygon (MATIC) is currently being used as a technical system for police reports in Firozabad district, Uttar Pradesh, India.

The use of Polygon (MATIC) for the reception and processing of police complaints will increase the immutability and transparency of the judicial system

Polygon (MATIC) zkEVM Starts Dapp Onboarding

According to US.Today, Polygon’s (MATIC) most recent project, zkEVM, garnered media attention in August 2022. This platform opens doors for ZKP-based protocols that were not available in the past.

Remember back in September, Polygon introduced the gnosis bridge for Web3 users to transfer assets to their Ethereum crypto wallet.

According to Polygon, gnosis bridging is the best method for Web3 teams to move their secure assets between polygon and Ethereum.

Interestingly, based on the integration, users can now use secure multi-sig technology without sacrificing ease of use, cost, or security.

Previously Matic Network used to be the name of Polygon. Ethereum’s Polygon Network, a scaling solution for Ethereum, is powered by Polygon (MATIC) symbolic. Polygon takes advantage of Layer 2 sidechains, blockchains that operate in parallel with the main Ethereum chain. Polygon intends to offer faster and less expensive transactions on the Ethereum network.

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