Ethereum

Why do you call it scalable? Polygon maxes out at 95 swaps per seconds.

I see it as a chain of its own

Guilty as charged officer. I refer to anything that isn’t primarily operating on the base layer an L2. Until there’s a catch all term for that, like ‘spin-offs’ or something, I’m going to keep calling them that. Deal with it.

And it's controlled by a 5 of 7 (or 8?) multisig? I see it as a great representation of how little security and decentralization actually matter to money grabbers.

Someone else correct me If I'm wrong, but I think it is currently a sidechain with plans to move to a L2?

Yes. It’s really a sidechain. They use MATIC as gas fees while layer 2 like ARBITRUM or Optimism still use as gas fees. So I stay away from Polygon

Isn’t polygon pos a commit chain since some of their consensus mechanism has features that use the security of ethereum main chain?

Polygon PoS is a sidechain. Polygon has a lot of other L2 solutions including zk rollups in the works that are true L2 solutions. But the original is a sidechain, which some people consider L2 if you broaden the definition to include sidechains as well.

they deliberately created a marketing effort to make people think that way with that ambiguity. They just exploited the ingenuity of people to pump their token, and that’s one of the reasons I don’t invest on it.

I have been correcting people in reddit for ages about this topic, as there are many people who think polygon sidechain is a L2.

Yes polygon currently is a Sidechain and doesn't inherit security properties from ethereum, it doesn't post state changes and txns to Eth mainnet

Polygon refers to the whole project, Polygon PoS is currently their main network, a sidechain that will be moved to ethereum's Layer 2 (zkEVM). The whole project is still under development.

Hedgefunds suppressing an actual advanced layer 2 loopring because actual technological progression of crypto doesn’t fit into their business model

People probably think that because Polygon has always claimed to be a Layer 2 and the press just repeated it cause they don’t know any better.

Now that they have a half-assed zkEVM side project, they can also claim they actually are an L2, even though they really only care about their sidechain business.

Unfortunately, that’s the state of crypto these days. For most, the goal is to pretend to be decentralized, censorship resistant, trustless, anti-establishment, yadayada… all to distract from the reality that power is concentrated in the hands of a few founders and investors with even less accountability than a traditional corporation.

Polygon PoS is a side chain, but it calls itself a “commit chain” because it publishes checkpoints to Ethereum L1.

There is a pre-PIP proposal to change it to a zkEVM Validium. A Validium publishes validity proofs, like a rollup, but unlike a rollup it does not publish transaction data, but handles data availability (DA) itself.

Note the transaction data for rollups will only be kept around for a while with 4844 (in next Ethereum hardfork early 2024) and then purged - long enough for a fraud proof for optimistic chains.

This is meant to be a chain using validity proofs not fraud proofs. I am a little shaky as to where the trade off is in keeping the DA off the Ethereum L1 - lower cost vs? Need to read Vitalik’s paper on that again 😅