Wednesday, May 21, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Did Avalanche Founder Just Label Polygon As “Unreliable” And “Non-Functional”?

December 13, 2023
in Crypto Updates
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on TwitterShare on E Mail


Earlier at present, on December 12, Luigi D’Onorio DeMeo, the Head of Decentralized Finance (DeFi) at Avalanche, revealed that Mirai Labs, the studio behind Pegaxy, a PvP horse racing recreation, has migrated from Polygon, an Ethereum sidechain, to its Avalanche subnet–a customizable blockchain safe by the mainnet.

Whereas this information is undoubtedly a constructive growth for Avalanche, a fourth-generation and excessive throughput platform, the transfer has drawn consideration to a seemingly controversial comment made by Emin Gün Sirer, the founding father of Avalanche.

Emin Gün Sirer Takes Intention At Polygon?

Replying to DeMeo’s submit on X, Gün Sirer appeared to have implied that Polygon has been counting on “future guarantees of at present nonexistent know-how and influencer advertising” to draw customers. The founder went on to say that video games demand “dependable chains that truly work.”

The group interpreted this remark to imply that the founder believed Polygon isn’t a dependable platform and that technical wants may have pushed Pegaxy’s choice emigrate. 

As anticipated, Gün Sirer’s remark has sparked debate within the crypto and gaming group. Responding to the identical submit, some customers appear to agree with the founder’s evaluation of Polygon. Of observe, the principle level of their argument is that Polygon exists as a sidechain, although it has a totally purposeful ecosystem that may exist independently.

They suppose Polygon solely needs to trip on Ethereum’s shoulders and doesn’t wish to innovate or resolve core points related to the primary sensible contract community. 

Avalanche value trending upward on the every day chart | Supply: AVAXUSDT on Binance, TradingView

However, some slammed Avalanche, saying that the founder unfairly focused Polygon, although it’s far miles aside in exercise and different key metrics. Of their analysis of the Ethereum sidechain, they noticed that the platform has a extremely lively ecosystem with a broad base of lively customers, builders, and decentralized functions (dapps).

Pegaxy Gaming Exercise Rising, Will It Profit On Avalanche?

As it’s, the migration of Pegaxy to Avalanche has been acquired positively and will reinforce their means to offer a extremely scalable surroundings whereas sustaining excessive reliability. Nonetheless, some have expressed issues that the “infantile” assertion from Gün Sirer may injury Avalanche’s popularity and alienate customers preferring to assist extra decentralized networks.

How the group will reply to Pegaxy migrating and launching on its Avalanche subnet will not be instantly clear. Nonetheless, thus far, exercise appears to be rising. Based on DappRadar knowledge, on December 12, the sport had, on common, 837 lively wallets within the final month, a 40% increment.

Function picture from Canva, chart from TradingView



Source link

Tags: AvalancheFounderLabelNonFunctionalPolygonUnreliable
Previous Post

Maximizing Digital Asset Security and Versatility: Exploring the Utilities and Ecosystem of SafeBox Wallet

Next Post

Best Free Crypto Faucet Sites

Related Posts

Bitcoin Spot Buying Reignites On Binance As Spot Net Volume Delta Turns Bullish
Crypto Updates

Bitcoin Spot Buying Reignites On Binance As Spot Net Volume Delta Turns Bullish

May 21, 2025
O’Leary Backs GENIUS Act, Calls Warren’s Claims “Deranged”
Crypto Updates

O’Leary Backs GENIUS Act, Calls Warren’s Claims “Deranged”

May 20, 2025
Crypto.com and Canary Capital Launch Canary CRO Trust for US Investors
Crypto Updates

Crypto.com and Canary Capital Launch Canary CRO Trust for US Investors

May 20, 2025
Coinbase Faces DoJ Investigations After Customer Data Leak
Crypto Updates

Coinbase Faces DoJ Investigations After Customer Data Leak

May 20, 2025
Crypto Analyst Says Dogecoin Price Is Setting Classic Move To $0.5 If This Level Breaks
Crypto Updates

Crypto Analyst Says Dogecoin Price Is Setting Classic Move To $0.5 If This Level Breaks

May 20, 2025
Best Stablecoin Casinos (USDT, USDC, DAI, etc.) for Gambling in 2025
Crypto Updates

Best Stablecoin Casinos (USDT, USDC, DAI, etc.) for Gambling in 2025

May 20, 2025
Next Post
Best Free Crypto Faucet Sites

Best Free Crypto Faucet Sites

Bitcoin’s Uneasy Stance Just Above $40,000 Ahead of FOMC

Bitcoin's Uneasy Stance Just Above $40,000 Ahead of FOMC

Buy an NFT → Secure FIFA World Cup Tickets

Buy an NFT → Secure FIFA World Cup Tickets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In