Polygon, a popular Ethereum scaling solution, successfully updated the POL token on the mainnet. This milestone is key to the Polygon 2.0 roadmap to build the Internet Value Layer. Next-generation tokens like the POL currency support a vast ecosystem of Layer 2 (L2) chains based on zero knowledge.
POL Token Fuels Polygon 2.0 Milestones and Enhances L2 Solutions
POL is a productive token due to its intrinsic re-staking. This functionality lets Proof-of-Liquidity (POL) holders certify several chains and play distinct roles on each. These include sequencing, providing Zero-Knowledge (ZK) proofs, and participating in data availability committees. The Polygon ecosystem and its users gain power and agency from its enhanced capabilities.
The POL token upgrade is now live on Ethereum mainnet.Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value Layer of the Internet. POL unlocks that future.POL is a next-generation token that can power a vast ecosystem of ZK-based L2 chains.… pic.twitter.com/gmrsu0ZqLz
— Polygon (Labs) (@0xPolygonLabs) October 25, 2023
The successful POL coin upgrade was the result of long-term work and community interaction. The testnet launch advances Internet Value Layer development.
POL is also advancing the Polygon 2.0 roadmap’s major achievements with this version. Among the above projects are changing Polygon Proof of Stake (PoS) into zkRollup, adding a staking layer to help Polygon Layer 2 solutions, and making a zero-knowledge interoperability and shared liquidity protocol to help all Polygon Layer 2 solutions connect better.
Polygon 2.0’s strategic goal is to transform the Internet so that its value is accessible to all fairly and impartially. The POL currency upgrade is a significant step toward this goal.
POL Coin Upgrade Marks Major Milestone for Polygon
PIP-18: Polygon 2.0 Phase 0 – Frontier and Polygon 2.0 Vision provides more information on Polygon 2.0 and its strategic plan. Polygon’s website has commonly asked questions. The Polygon blog and social media outlets should be monitored for the latest Polygon ecosystem news and developments.
Polygon’s commitment to building a scalable, efficient, and user-friendly Ethereum environment drives blockchain technology innovation. Polygon’s ecosystem evolution gives developers and consumers new ways to use blockchain technology, boosting digital currency adoption.
As it moves toward Polygon 2.0, the POL coin update is a major milestone for Polygon and the blockchain and cryptocurrency industry. The ongoing process of establishing the Value Layer of the Internet is a significant endeavor. Additionally, Polygon’s unwavering commitment to this objective continues to have a profound impact on the trajectory of decentralized applications and services.
