Comment by timdaub | Hacker News Reader

Comment by timdaub | Hacker News Reader

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Polygon's ETH bridge is behind a proxy smart contract that is controlled by a 5 of 8 multi signature contract.

Polygon has repeatedly made confusing statements towards their tech. In their FAQ, Polygon clearly states that they're a "side chain". Their FAQ reads super weirdly and not like a neutral technical document.

https://docs.matic.network/docs/home/faq/#what-is-matic-netw...

You may also be interested in learning why smart contracts don't work on Plasma.

https://ethresear.ch/t/why-smart-contracts-are-not-feasible-...

I see a conflict for Polygon wrt this point. In case of the network's crash, how are funds that e.g. are locked in Polygon contracts, distributed? That won't be automatically resolved like e.g. on Optimism. It'd be a major drama.

I'm not putting my money there.

Polygon is working on their own L2 solution, both optimistic and zk rollup. Optimistic will be released by end of year, co-founder also said current sidechain could be upgraded to rollup when released https://twitter.com/MihailoBjelic/status/1398648183354429444

Sure they can upgrade and whatever. But from my experience, usually the projects that compromise on decentralization principles never ship anything useful in that direction anymore.

Once an architecture is put in place and people are hired, that's when a point of no return is reached.

Years ago, I've written about this effect in the context of deploying a dapp on a PoA chain: https://timdaub.github.io/2019/02/28/poa/

I'm not convinced they'll be able to create a rollup in any reasonable amount of time. The teams building this tech (arbitrum, starkware, zksync, etc.) are doing so closed source and stacked with people with deep applied cryptography experience. As far as I'm aware, Polygon outsources most/all of their development. Do you really think an outsourced dev team is going to complete in building bleeding edge tech at the limits of applied cryptography?

Matter Labs is launching their mainnet in August. zkSync.

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