Polygon Labs Aims to Connect All Blockchains
Polygon Labs CEO Marc Boiron believes the future of the internet isn’t limited to a single blockchain. His company has developed a new technology, the AggLayer, to connect different blockchains and create a more unified experience.
During an interview with TheStreet Roundtable’s Rob Nelson, Boiron explained Polygon’s mission: to foster interoperability between blockchains. “Polygon’s a technology company, and we develop blockchain technologies,” Boiron said. “The first one we developed is Polygon POS, which allows people to transact and use the internet in a different way than they’ve typically done it.”
Boiron emphasized that the AggLayer aims to make using different blockchains feel as effortless as using the internet. “We realized that the internet was never going to be able to live on one blockchain, and so we developed a new technology… that way, we can have blockchains that actually feel the same way the internet feels.”
To illustrate the concept, Nelson compared blockchains to railroad tracks. Polygon, he explained, acts as a system enabling users to switch between these tracks seamlessly, rather than being confined to a single one.
“I actually love that. I think that’s accurate,” Boiron responded. “And the nice thing about Polygon is we’re also one of those tracks. We’re a very cheap, safe, and fast track, but we also want to connect all the other tracks.”
Layer 1 vs. Layer 2 Blockchains
Boiron also addressed the differences between layer 1 and layer 2 blockchains. He explained that layer 1 blockchains tend to be slow and expensive, making them less practical for widespread adoption. “So what we think is, why don’t we build something on top of that first version—like an outpost—that is actually cheaper and faster than what that baseline can provide?” he said. “And that’s really all a layer 2 is—a faster, cheaper version of that layer 1 blockchain.”
