Polygon co-founder Sandeep Nailwal has put out an 'ApeChain' proposal to address ApeCoin's scalability challenges. At the time of writing, the ApeCoin
Polygon co-founder Sandeep Nailwal proposes ApeChain, a zk-L2 solution for ApeCoin scalability. The ApeCoin community has been divided over the necessity of a dedicated chain in the past. ApeChain's development plan includes collaboration with Polygon Labs as
price remains bearish. Polygon co-founder Sandeep Nailwal has put out an "ApeChain" proposal to address ApeCoin's scalability challenges. At the time of writing, the ApeCoin DAO proposal received 18 votes that could initiate the development of a dedicated zero-knowledge powered Layer-2 chain on the Polygon network. In the past, however, not all community members have been in agreement about the need for ApeCoin's own chain.
price dips In the past, the ApeCoin community has been divided on whether the Ethereum network can handle demand after the minting of Otherdeed non-fungible token was interrupted by the Etherscan crash last year. Yuga Labs said Ethereum's infrastructure struggled to cope with the high demand during the minting, which remains a point of contention. ApeCoin doesn't need its own chain. Do you guys have any idea what you're talking about? Ethereum clearly handled this.
at the time of writing is around $0.51, marking a 2% decrease in the daily time frame based on CoinGecko figures. lost around 12% value over the past week. Sandeep Nailwal's proposal for ApeChain could present a scaling opportunity to the ApeCoin ecosystem on Ethereum. While Polygon boasts of its zero-knowledge technology, the broader crypto market weakness will keep penetrating the market valuation of the project.
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