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06/13 17:22

Polygon is giving up on decentralization – here's

Polygon is giving up on decentralization – here's what we need to know

Polygon is starting a new chapter, with co-founder Sandeep Nailwal taking on the role of CEO of the foundation that manages the company's ecosystem.

This marks a clear departure from the previous decentralized governance model, with the project redoubling its efforts to streamline management amid increasing competition in the Ethereum second-layer space.

Nailval’s appointment signals a return to rapid execution. He emphasized that after several years of research and institutional structuring, it was time for Polygon to act boldly again. His first task: Rethinking the foundation’s focus and accelerating the implementation of key infrastructure improvements.

Among the most significant changes is the foundation’s renewed focus on AggLayer, an interoperability layer designed to connect fragmented networks. A significant improvement, AggLayer v0.3, is expected by the end of the year.

Meanwhile, Polygon is preparing to retire zkEVM by 2026, citing scalability issues that hinder its efficiency. Instead, the focus is shifting to the PoS network, which is evolving into a “ GigaGAS ” network capable of processing over 100,000 transactions per second. This upgrade is aimed at improving real-time payment capabilities and supporting trillions of tokenized assets.

A major enhancement to the protocol, dubbed “ Bhilai ,” will be released in July. It promises faster settlement, cheaper fees, and seamless integration with AggLayer — key to Polygon’s ambitions for enterprise adoption, where companies like JPMorgan and Stripe are already committed.

These bold moves come amid a wave of leadership changes. Nailwal takes over just weeks after co-founder Mikhail Bjelic announced he was stepping down from day-to-day operations. Two other early collaborators, Jayanthi Kanani and Anurag Arjun, have also left in the past two years.

As Polygon refreshes its foundations and refocuses its technology stack, Nailval's leadership could mark the beginning of a more centralized yet more agile era for one of Ethereum's most prominent scaling solutions.

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