"If you have one million, someone will borrow money from you, will you lend himAhmedabad Stock? If this person is your good friend, you may borrow it, but if this is just the 50th person you know this year, Unfamiliar, will you consider borrowing? "When answering how to popularize the blockchain, Anurag Arjun, the co -founder and chief product officer of the blockchain project Polygon, asked me such a question.Polygon is the top ten blockchain public chain projects in the top ten market value, and Anurag is one of the first batch of crypto billionaires in India.My answer may not be borrowed like many people.After hearing this unexpected answer, Anurag smiled and continued to explain that there was a basic question of trust here.You don’t know him, and if you can’t believe him, you will naturally not borrow money.But in fact, when everyone exists in the bank, the money will be borrowed by the bank and lent to someone you do n’t know and trust at all.The characteristic of the distributed storage bookkeeping of the blockchain can allow you to get rid of the role like a bank. With the premise that the foundation does not need to trust, realize the interaction between individuals and individuals.Everything that happened, creating a "Trustless World".

Establishing Trustless World is the belief that Anurag began to start in the blockchain industry in 2017.Polygon (formerly known as MATIC Network) is the first entrepreneurial project in the blockchain industry in the blockchain industry. The current market value is about 7 billion US dollars, and he is also ranked first in India.From the birth of a middle -class family, Anurag, which has hundreds of millions of wealth today, did not "lie down" and started to "enjoy life"Bangalore Wealth Management. Instead, he chose to develop its own new project Avail again from zero to one.The blockchain project aims to provide developers with the ability to construct customized and scalable applications.If Elon Musk’s ultimate goal is to promote human progress through energy transformation and interstellar exploration, then Anurag’s ultimate goal is to build a decentralized unbelievable world. He believes that web3 technology based on blockchain will change in the future in the futureSome existing operating logic changes everyone’s lifestyle like the Internet.Reading "Proficiency Bitcoin" overnight in 2017, Anurag opened his second entrepreneurial business. At this time, he did not fully understand the blockchain technology.) Related fintech solution.In the shared work space, he encountered Jaynti Kanani, who had just started starting a business, and two of the same technical background were born. He had experience experience in the fintech industry, and young people who also embraced the dream of entrepreneurial dreams at the same time, from their respective entrepreneurial concepts to cooperation to cooperation.The possibility, "At that time he wanted to pull me to invest in his company, I want to pull him to invest in my startup."Jaynti’s entrepreneurial direction is based on blockchain technology, providing expansion and infrastructure for existing blockchain networks.At that time, Jaynti had received some income through cryptocurrencies and believed that it was a very potential area.This is not the first time that Anurag has contacted the blockchain concept.One year when I knew Jaynti, the central bank of India hoped that the team where Anurag was located to investigate and quote the possibility of blockchain for cross -bank bookkeeping to avoid using different lending frauds.Borrow money.However, before the investigation of Anurag, the project was stopped by the central bank.These two people who appreciated each other were once in a stalemate, and no one said that they could not accept anyone, and the breakthrough was a book- "Proficient in Bitcoin".This book is widely considered to be an authoritative guide to study Bitcoin and blockchain technologyBangalore Investment. The book introduces the working principles and history of Bitcoin in detail, and involves its underlying technology, including blockchain, encryption technology and Bitcoin.The decentralization characteristics of the network.After Anurag got this book, I did n’t sleep all night: "I remember that I have read the whole book all night." Before reading this book, Anurag only knew that the blockchain could be used for accounting across institutions, and this bookThe book let him understand that this is a technology that does not require any centralized institution, and a thorough innovation: "For me at the time, Bitcoin was like magic.Udabur Investment. In this system, you do not need to completely trust a single individual, but depend on a network composed of many participants without permission.Maintain this network. "

The three founders of Polygon, Anurag is the left "Before that, no technology can run without being trusted." In Anurag, Bitcoin’s technology itself is very clever, and it in 2008’s financial crisis in 2008The realistic significance of the birth now is also important. "After reading this book, I think this technology contains infinite possibilities, which has also become an opportunity for me to enter the industry." The shuttle bull beef made a product Anurag and joined Jaynti to create Polygon (formerly known as the nameMATIC Network) is 2017.This year, the cryptocurrency market was at the bull market. Bitcoin climbed from less than 1,000 US dollars at the beginning of the year to a maximum of nearly $ 20,000, which has become the wealth code for some traders.There are countless young people who have the hope of freedom of wealth to smell the wind, and in the trading one after another: "At that time, many people traded in 24 hours, and our team focused on writing code." When talking about why he did not become traders, AnuragFrankly that I am not good at doing transactions, I have done 6 months of transactions in the traditional financial market and lost money. From entering the blockchain in 2017, I have not bought cryptocurrencies.: "I pay more attention to the product and technology itself, that is, how to increase the availability of blockchain technology." If the birth of Bitcoin makes it possible to be centralized, then the birth of Ethereum enriches decentralized ecology.Bitcoin is a simple accounting network, and Ethereum provides developers with the basis for creating and running decentralized applications.Polygon was created on the basis of Ethereum, which aims to solve the main problems such as high network transaction costs and slow processing speed of Ethereum.

This sounds very practical, and now it has really hatched a lot of projects, but at the beginning of entrepreneurship, they were an Indian team that was unknown and not trusted.At that time, the mainstream crowd of encrypted people had an impression of the Indian team was "the fraud project of cutting the leek"Mumbai Wealth Management. No large investment institutions were willing to invest money for the team. Their first funds came to family and friends, only $ 200,000.What matters worse is that the second year (2018) in the start of the business entered the bear market, and the difficulty of financing rose again."We found more than 70 investors at the time, and none of them were willing to invest in us," Anurag recalled. "After all investors were willing to invest, we also chased the place where he was on vacation, but the next day, the bits the next day bits the next day, the next day, the bits the next day bitsThe currency suddenly fell to $ 3,000, and the investor immediately recovered the investment commitment. "This may be the most difficult year for Polygon."Fuck to a good team that you call up."In the end, a friend of a currency circle lent to the team’s 50,000 US dollars to "save" them.Fund is not the only problem.Because it is silent, it is not easy to attract developers to enter ecological development.As the founder, Anurag personally resolved the bug for the developers in the ecology.If you are interested, we will contact and provide support in person.Anurag didn’t feel tired, because the team needed users very much at the time: "We can also do the work of nine to five, but this is the path that we choose." Such a groundbreaking and approximately pushing strategy helps to help Polygon accumulate accumulated.In the early 20 years, Anurag was still answering user questions in person, jokingly, "Maybe because we are Indians."Do Something Big, March 16, 2023, Anurag released a series of posts in Tyri, which officially announced to withdraw from Polygon and will put all your energy in the new project Avail split from Polygon.EssenceAvail is a modular blockchain project, which aims to start from the underlying architectural design to provide developers with the ability to build customized and scalable applications.The existing basic network, such as Ethereum, is not satisfactory for data usability.Although some teams have improved this aspect, for a network that already has more than 3,000 projects and a large amount of data, the cost and time of change are very large, which takes at least three or five years."The development of the blockchain will not wait for you for five years," Anurag said, "and we are fortunate to start from scratch, separate consensus, security, data availability, and execution, and build a data from the bottom layer to pay attention to data.Available and brought more convenient networks to developers on the chain.Now more than half a year from Polygon’s independence, the current Avail has completed two rounds of internal testing. The last round of test network has also been launched. The audit before officially launched has also begun.In this entrepreneurial entrepreneurial again from zero to one, Anurag also took action to stand on its own point of view: blockchain is not all fraud projects that cut chives.In the face of the sharp question of "bad fame in the currency circle", Anurag thought a little, and pointed out that there was a chaotic stage in the early stages of development of all technologies.AI, the so -called fraud projects have appeared at the beginning of all technologies, but the projects that are willing to do things will always let everyone see themselves.Just like the former Amazon, and today’s Ethereum.

At present, the initial blockchain technology is still "difficult to use", and it is difficult for developers to really develop and apply on the blockchain.Although the blockchain will change people’s lifestyle in the future, AnURAG has no very specific ideas for what blockchain apps will have in the future.He likes to use the initial mobile app to analogize the current blockchain.When the mobile phone first appeared, developers could not imagine that later people could take pictures, take a taxi, and even conveniently communicate with people on the other side of the ocean through the mobile phone app.These are all created on the basis of step -by -step upgrade of infrastructure.Create a set of infrastructure that is more suitable for developers, so that more developers can enter ecological development. This is Anurag. A startup three times and exposed entrepreneurial ambitions at universities.Indian entrepreneurs who care for a career are the most important things at this stage.

Jinnai Wealth Management