In a recent interview with CoinDesk, blockchain expert highlighted the importance of understanding the intended purpose of different applications within the crypto space. He emphasized how building an order book DEX on Polygon PoS with only $20,000 in fees over several months could be considered a failure, due to the expectations of high transaction volume. This insight sheds light on the diverse uses and functionalities of various blockchain projects, underscoring the need for tailored approaches to development and implementation. As the crypto industry continues to evolve, it becomes increasingly crucial for developers to align the design and goals of their projects with the intended use cases.
The Defi FunFacts:
- The image is of the Polygon logo, which is a popular multi-chain scaling solution for Ethereum.
- Polygon PoS (Proof of Stake) is a layer 2 scaling solution for Ethereum that aims to improve scalability and reduce fees.
- The quote mentions the importance of understanding the intended purpose of different applications on the blockchain, as they will have varying levels of activity and use cases.
- Building an order book DEX (decentralized exchange) on Polygon PoS can be successful or fail depending on the volume of fees generated and the number of transactions processed.
- The comment highlights the diverse applications and capabilities of blockchain technology, with different projects serving different purposes and user needs.
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