{"id":393089,"date":"2022-01-12T19:22:42","date_gmt":"2022-01-12T16:22:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/"},"modified":"2022-01-12T19:22:42","modified_gmt":"2022-01-12T16:22:42","slug":"quickswap-founder-l2s-are-the-path-to-mass-adoption","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/","title":{"rendered":"#QuickSwap founder: L2s are the path to mass adoption"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3049d40937e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3049d40937e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#A_DEX_for_Polygon\" >A DEX for Polygon<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#A_new_intro_to_Bitcoin_The_9-minute_read_that_could_change_your_life\" >A new intro to Bitcoin: The 9-minute read that could change your life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#The_Vitalik_I_know_Dmitry_Buterin\" >The Vitalik I know: Dmitry Buterin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021\" >Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Inside_the_Iranian_Bitcoin_mining_industry\" >Inside the Iranian Bitcoin mining industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Daft_Punk_meets_CryptoPunks_as_Novo_faces_up_to_NFTs\" >Daft Punk meets CryptoPunks as Novo faces up to NFTs<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Learning_the_ropes\" >Learning the ropes<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#The_best_of_blockchain_every_Tuesday\" >The best of blockchain, every Tuesday<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#A_new_intro_to_Bitcoin_The_9-minute_read_that_could_change_your_life-2\" >A new intro to Bitcoin: The 9-minute read that could change your life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#The_Vitalik_I_know_Dmitry_Buterin-2\" >The Vitalik I know: Dmitry Buterin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021-2\" >Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Inside_the_Iranian_Bitcoin_mining_industry-2\" >Inside the Iranian Bitcoin mining industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Daft_Punk_meets_CryptoPunks_as_Novo_faces_up_to_NFTs-2\" >Daft Punk meets CryptoPunks as Novo faces up to NFTs<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Compounding_knowledge\" >Compounding knowledge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Onboarding_the_next_generation\" >Onboarding the next generation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#A_new_intro_to_Bitcoin_The_9-minute_read_that_could_change_your_life-3\" >A new intro to Bitcoin: The 9-minute read that could change your life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#The_Vitalik_I_know_Dmitry_Buterin-3\" >The Vitalik I know: Dmitry Buterin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021-3\" >Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Inside_the_Iranian_Bitcoin_mining_industry-3\" >Inside the Iranian Bitcoin mining industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/buradabiliyorum.com\/en\/quickswap-founder-l2s-are-the-path-to-mass-adoption\/#Daft_Punk_meets_CryptoPunks_as_Novo_faces_up_to_NFTs-3\" >Daft Punk meets CryptoPunks as Novo faces up to NFTs<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#QuickSwap founder: L2s are the path to mass adoption<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Sameep-Singhania.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;b&gt;As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions.&lt;\/b&gt; &lt;span style=\"font-weight: 400\"&gt;&lt;br \/&gt;&lt;\/span&gt;&lt;span style=\"font-weight: 400\"&gt;&lt;br \/&gt;&lt;\/span&gt;&lt;span style=\"font-weight: 400\"&gt;This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain experience.&lt;\/span&gt;\n<\/code><\/pre>\n<p><span style=\"font-weight: 400\">Since getting acquainted with Polygon around the time of its launch in late 2019, Sameep Singhania has been an avid supporter of projects built on the protocol. In 2021, he created QuickSwap, a decentralized exchange (DEX) serving the needs of the budding Polygon ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Singhania left a promising career as a software developer in 2017 to work as a freelance developer, only to find himself writing code for an array of blockchain projects in the DeFi and layer-two sector. Among the many projects he worked on, he spent 18 months with blockchain e-commerce site OpenBazaar, and served as lead developer for DeFi exchange ParaSwap.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Polygon is one layer-two solution built on Ethereum, and it offers users lower fees when transacting on-chain. QuickSwap is Polygons primary DEX and functions as a heart of the network.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"code-block code-block-1\" style=\"margin: 8px 0;clear: both\"><span class=\"NMM\"><\/span><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"A_DEX_for_Polygon\"><\/span>A DEX for Polygon<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">After working on perhaps dozens of projects on Polygon from 2019 onward, Singhania realized that to grow the Polygon ecosystem, we need a DEX.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This was because while 99% of blockchain projects have a token, listings on popular exchanges are not easy to arrange, and many users are not willing to create an account at an obscure exchange just to trade a particular token that is not listed elsewhere. A DEX can function as the central market square of a blockchain network, giving its users access to everything they need without having to venture to another chain.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Singhania recalls being encouraged to create a DEX by Polygons co-founder, Sandeep Nailwal, who put him in touch with Roc Zacharias, a marketer with Lunar Digital Assets. That\u2019s how we set up a team  we had developers, we had a marketing team, a perfect mix, and we launched the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>, he explains.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_10600\" aria-describedby=\"caption-attachment-10600\" style=\"width: 598px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-10600 \" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/Capturej.png\" alt=\"\" width=\"598\" height=\"264\" \/><figcaption id=\"caption-attachment-10600\" class=\"wp-caption-text\">The QuickSwap interface. Source: QuickSwap<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Polygon  previously called Matic Network, with MATIC remaining its ticker  is a layer-two blockchain. That means its a blockchain built on top of an existing chain. Whereas Lighting is an example of a layer-two, or L2, built on Bitcoin, Polygon is built upon Ethereum. As a result, Polygon-based tokens can be sent to Ethereum addresses, whose users can retrieve them simply by switching to the Polygon network on a DApp such as MetaMask.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The oft-stated advantage of L2 solutions is that they are more nimble than their behemoth parents, allowing for faster and cheaper transactions. With Bitcoin <\/span><span style=\"font-weight: 400\">transactions <\/span><span style=\"font-weight: 400\">costing over $10 and taking approximately 10 minutes for the first of six confirmations, it is clear that transacting on the parent chain is not practical for everyday transactions in El Salvador, for example, where laborers can earn as little as $100 per month. Instead, Salvadorans use Bitcoin Lighting, whose transactions cost as little as 1 satoshi.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_10649\" aria-describedby=\"caption-attachment-10649\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10649\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Sameep-Singhania.jpg\" alt=\"Sameep Singhania\" width=\"600\" height=\"338\" \/><figcaption id=\"caption-attachment-10649\" class=\"wp-caption-text\">Sameep Singhania wants to scale up crypto\u2019s potential.<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">The transaction costs on the Ethereum network are much higher, making it unusable by the small users who are effectively <\/span><span style=\"font-weight: 400\">priced out<\/span><span style=\"font-weight: 400\"> of using DeFi solutions or decentralized exchanges like Uniswap. In January 2021, a normal Ethereum transaction on Uniswap cost around $100, Singhania recalls.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">If Im a normal user and I want to do a small trade, I cannot do it on Ethereum  the average transaction size on Uniswap is somewhere around $50,000.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Polygon is there to scale Ethereum, Singhania says, which has its pros and cons. He further explains that while Ethereum is the most secure solution out there, it comes at the cost of high gas fees and relatively slow transaction times.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Thats not exactly desirable for an economy  smaller denominations of currency exist because not everything can be done with $100 bills. L2s are the answer for allowing smaller transactions on existing networks like Bitcoin and Ethereum. On Polygon, users can exchange Ethereum-based tokens, NFTs, and interact with smart contracts cheaply.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LIVE NOW: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban?ref_src=twsrc%5Etfw\">@mcuban<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hackapreneur?ref_src=twsrc%5Etfw\">@hackapreneur<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoRocky?ref_src=twsrc%5Etfw\">@CryptoRocky<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AaveAave?ref_src=twsrc%5Etfw\">@AaveAave<\/a>, &amp; @0xPolygonspeak on Polygon Power Hour!<\/p>\n<p>\u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban?ref_src=twsrc%5Etfw\">@mcuban<\/a> &#8220;People are probably a whole lot more active on Aave and QuickSwap on Polygon, than Ethereum L1 versions&#8221; \u2013 Mark Cuban<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/99rGSoa04U\">https:\/\/t.co\/99rGSoa04U<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ySjxu049td\">pic.twitter.com\/ySjxu049td<\/a><\/p>\n<p>\u2014 QuickSwap (@QuickswapDEX) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/QuickswapDEX\/status\/1404886211047657479?ref_src=twsrc%5Etfw\">June 15, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">The pressing need for L2s is relatively new, because transaction costs have risen significantly in the past two years along with the blockchain user base. On QuickSwap, transactions between the over 23,000 available pairs cost only a few cents. You can basically use QuickSwap to trade any ERC-20 token which has liquidity and exists on the Polygon network, Singhania says. Fees are naturally paid in MATIC.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Considering the savings, switching digital assets from Ethereum to Polygon seems like an obvious solution for many users. However, some activities, like the trading of six-figure NFTs, remain decisively away from the Polygonian suburb. Similarly, Singhania acknowledges that those making million-dollar trades have less to gain from Polygon.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\"><\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_61df0dc34a51f    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"New Intro to Bitcoin 9 minutes 2022\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"A_new_intro_to_Bitcoin_The_9-minute_read_that_could_change_your_life\"><\/span>A new intro to Bitcoin: The 9-minute read that could change your life<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 28, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Dmitry and Vitalik\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"The_Vitalik_I_know_Dmitry_Buterin\"><\/span>The Vitalik I know: Dmitry Buterin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 23, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021\"><\/span>Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 22, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Iran\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Inside_the_Iranian_Bitcoin_mining_industry\"><\/span>Inside the Iranian Bitcoin mining industry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Novo\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Daft_Punk_meets_CryptoPunks_as_Novo_faces_up_to_NFTs\"><\/span>Daft Punk meets CryptoPunks as Novo faces up to NFTs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 13, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">There are two primary ways to move assets to Polygon, according to Singhania: exchange withdrawals and bridges. A lot of big exchanges like Binance support deposits and withdrawals on the Polygon network, which means that the Ethereum network can potentially be avoided entirely. As for assets already on Ethereum instead of on a centralized exchange, they can be <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/consensys.net\/blog\/metamask\/how-to-bridge-tokens-from-ethereum-to-polygon-with-metamask\/\"><span style=\"font-weight: 400\">bridged<\/span><\/a><span style=\"font-weight: 400\">, which is effectively an inter-blockchain transfer.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">Both L1 and L2 applications have their own pros and cons and they both have their use cases  now it\u2019s up to the user to choose which platform better suits their needs<\/span><\/p>\n<\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Learning_the_ropes\"><\/span>Learning the ropes<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Singhania, 31, grew up in India\u2019s capital, New Delhi. He had an early passion for coding since high school, describing the process of coding like magic happening, whereby wonderful stuff could be created with just a few lines of code. He followed his passion in 2008 to JSS Academy of Technical Education, on the outskirts of the capital, where he completed a bachelor in computer <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a> and served as a campus IBM Ambassador.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Graduating in 2013, he began his career in software testing and automation at Dell, but soon realized that he wanted to focus more on development instead of remaining a software tester, a role with less opportunities for creative input, for the remainder of his career. He made the switch to software developer in 2015 at Drishti-soft Solutions, where he worked on customer service software and organized web development training sessions.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.6 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Still not quite settled in the role and in search of something where I dont get bored, Singhania switched over to software freelancing in 2017. When you do freelancing, you get to know a lot of people and learn about a lot of new industries and domains, he recalls, noting that he was finally interested in his work. One of these new industries was blockchain, which he had previously heard about while working as a developer.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">I again came across this blockchain and Bitcoin stuff while searching for a project, so I decided to give it some more time and do some more research  to figure out what is this Bitcoin? What is this blockchain?<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">By mid-2018, Singhania was a full-time blockchain engineer for a number of projects, including Akila Labs, Bitgrit, and Toptal, where he developed ERC-20 tokens and smart contracts for things like airdrops, token vesting and crowdsales. Notable among this was 18 months spent working with the decentralized marketplace startup <\/span><span style=\"font-weight: 400\">OpenBazaar<\/span><span style=\"font-weight: 400\">, which was trying to build something very similar to Amazon  but on blockchain using the peer-to-peer InterPlanetary File System (<\/span><span style=\"font-weight: 400\">IPFS<\/span><span style=\"font-weight: 400\">), Singhania recalls with excitement.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_61df0dc351cb3    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"New Intro to Bitcoin 9 minutes 2022\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"A_new_intro_to_Bitcoin_The_9-minute_read_that_could_change_your_life-2\"><\/span>A new intro to Bitcoin: The 9-minute read that could change your life<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 28, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Dmitry and Vitalik\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"The_Vitalik_I_know_Dmitry_Buterin-2\"><\/span>The Vitalik I know: Dmitry Buterin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 23, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021-2\"><\/span>Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 22, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Iran\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Inside_the_Iranian_Bitcoin_mining_industry-2\"><\/span>Inside the Iranian Bitcoin mining industry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Novo\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Daft_Punk_meets_CryptoPunks_as_Novo_faces_up_to_NFTs-2\"><\/span>Daft Punk meets CryptoPunks as Novo faces up to NFTs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 13, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Compounding_knowledge\"><\/span>Compounding knowledge<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">When DeFi was just starting in 2018, Singhania worked as the lead developer and first employee of <\/span><span style=\"font-weight: 400\">ParaSwap<\/span><span style=\"font-weight: 400\">, an aggregator DApp which brings together multiple DEXs so that users can seamlessly trade cryptocurrency pairs which do not exist together on any exchange. All of this trading is done through Singhanias smart contracts, which handle millions of dollars everyday, he says proudly, adding that the platform saw 3.3 billion dollars in volume in the past month.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">That project allowed me to make an entry into DeFi  it basically introduced me to everything out there like Uniswap, Bancor, Kyber Network, because to build ParaSwap we needed to learn everything about DeFi.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">With DeFi under his belt, Singhania encountered layer-two blockchain solutions while working on a dice <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> for one of his clients, a blockchain casino.<\/span><\/p>\n<p><span style=\"font-weight: 400\">He soon realized that it was too expensive to do it on Ethereum  even though 2019 gas fees were a fraction of what they are today. Something new was needed, and Singhania started exploring for layer-two solutions, he recounts. He first built his dice game on the now defunct layer-one <\/span><span style=\"font-weight: 400\">Loom Network<\/span><span style=\"font-weight: 400\"> which shut down shortly thereafter, Singhania scouted out Matic Network, which was in late 2019 very new and their mainnet was not launched. Working with the Matic Network team, now called Polygon, Singhania got the dice game up and running, becoming acquainted with the Polygon network in the process.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ethereum dice games are not the first to suffer from scaling issues. Erik Voorhees <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/en.bitcoin.it\/wiki\/Satoshi_Dice\"><span style=\"font-weight: 400\">SatoshiDICE<\/span><\/a><span style=\"font-weight: 400\">, <\/span><span style=\"font-weight: 400\">for example, was launched in 2012 and soon accounted for over half of Bitcoin transactions. With transaction prices increasing, making small on-chain bets on Bitcoins main layer has since become impractical.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/QuickswapDEX?ref_src=twsrc%5Etfw\">@QuickswapDEX<\/a> has shown tremendous growth on Polygon PoS &amp; has become the biggest Polygon-native decentralized application in terms of users, TVL, &amp; volume.<\/p>\n<p>Were offering them $1m in liquidity mining incentives to strengthen the platforms liquidity<\/p>\n<p>:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Z3fb8BOCmw\">https:\/\/t.co\/Z3fb8BOCmw<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gHN9ZL89U6\">pic.twitter.com\/gHN9ZL89U6<\/a><\/p>\n<p>\u2014 Polygon | $MATIC  (@0xPolygon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1443621880510881800?ref_src=twsrc%5Etfw\">September 30, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Onboarding_the_next_generation\"><\/span>Onboarding the next generation<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Now that Polygon is a low-cost option to L1 and has a reliable DEX, Singhania believes that the next step in scaling the layer is to improve the user experience in order to make it user-friendly for millions of people who are new to cryptocurrency. As QuickSwap is a central point of the Polygon ecosystem, much of the responsibility falls to his shoulders.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">The way that things are designed right now, it\u2019s not for a novice  it\u2019s for a well-trained crypto user.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">In Singhanias view, the price of MATIC can be expected to follow the adoption of the Polygon layer. If the team continues to execute, it is just a matter of time as to when prices might begin a steady climb. One thing is clear: Singhania is no longer bored with his work and is not doing any kind of freelancing because I don\u2019t have time.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\"><\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__2_61df0dc3557dc    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"New Intro to Bitcoin 9 minutes 2022\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/New-Intro-to-Bitcoin-2022-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"A_new_intro_to_Bitcoin_The_9-minute_read_that_could_change_your_life-3\"><\/span>A new intro to Bitcoin: The 9-minute read that could change your life<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 28, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Dmitry and Vitalik\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-The-Vitalik-I-know-Dmitry-Buterin-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"The_Vitalik_I_know_Dmitry_Buterin-3\"><\/span>The Vitalik I know: Dmitry Buterin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 23, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021-3\"><\/span>Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 22, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Iran\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Inside_the_Iranian_Bitcoin_mining_industry-3\"><\/span>Inside the Iranian Bitcoin mining industry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Novo\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-CryptoNova-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Daft_Punk_meets_CryptoPunks_as_Novo_faces_up_to_NFTs-3\"><\/span>Daft Punk meets CryptoPunks as Novo faces up to NFTs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 13, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2022\/01\/12\/building-polygon-dex-avoid-ethereum-transaction-fees\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#QuickSwap founder: L2s are the path to mass adoption&#8221; &lt;p&gt;&lt;b&gt;As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions.&lt;\/b&gt; &lt;span style=&#8221;font-weight: 400&#8243;&gt;&lt;br \/&gt;&lt;\/span&gt;&lt;span style=&#8221;font-weight: 400&#8243;&gt;&lt;br \/&gt;&lt;\/span&gt;&lt;span style=&#8221;font-weight: 400&#8243;&gt;This means that many use cases are becoming unfeasible in the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":393090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/magazine-Sameep-Singhania.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-393089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=393089"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/393090"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=393089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=393089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=393089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}