Polygon Co-Founder Jaynti Kanani Steps Back, Plans for 'New Adventures' Amidst Transition to Polygon 2.0
Summary:
Jaynti Kanani, the co-founder of Polygon, has chosen to recede from his active involvement with the project after six long years. He plans on venturing into new projects while still providing support to Polygon from outside. Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic were amongst the team of software engineers who, alongside Kanani, founded Matic network (renamed Polygon later). Polygon Labs is gearing towards a transition to Polygon 2.0, with its improved network utilising zero-knowledge proofs and composed of four protocol layers. Polygon continues its march forward with many of its co-founders actively participating in the platform's development.
According to an article published on X (previously known as Twitter) by Jaynti Kanani, the cofounder of Polygon, he has taken a step back from his daily duties on the project for the first time in half a decade. Kanani's plan for the future is to embark on new ventures while still offering support to Polygon as an outsider. The establishment of the Matic network in 2017, which later underwent a name change to Polygon, was carried out by Kanani and a team of software engineers like Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.
Reacting to Kanani's declaration, Nailwal expressed his sentiment, emphasizing the remarkable journey they have embarked on together. "Indeed, this is quite overwhelming," he expressed before adding, "What an exceptional journey we have shared, but this is merely the commencement for Polygon. It's unfortunate that we could not prolong our partnership in this unconventional journey of Polygon. But eventually, we all have personal commitments."
Polygon, which was set up in 2017, saw Kanani break away from his daily engagement with the project about six months prior to the announcement. Even while being on a break, he expressed his firm belief in Polygon's future and its enthusiastic community.
In related news, Polygon's online portal lists 10 cofounders for the protocol, a few of whom remain active in different auxiliary pursuits on the platform. In March, Arjun left Polygon following the spinoff of Avail, a blockchain data availability protocol. Following the announcement of transition plans to Polygon 2.0 in June, Polygon Labs has started to approve enhancement proposals. The upgraded version of the system will employ zero-knowledge proofs and comprise four protocol layers centered on staking, execution, interop, and proving. At the time of this report, the development team was continuing their efforts to realize Polygon 2.0.
Published At
10/4/2023 4:41:51 PM
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