By preparing theadvent of Polygon 2.0, the Polygon Labs team found it useful to substitute the MATIC. Thus was born the idea of POL, the crypto intended for pay gas fees, optimize the governance of the new Polygon ecosystem and do staking there. According to recent news, POL token contracts have just gone live on the Ethereum mainnet.
POL, online on the Ethereum mainnet
In mid-July, our college published an article detailing the particularities of POL, the cryptocurrency intended to replace MATIC from Polygon. Wouldn’t Polygon 2.0 support an obsolete token? Regardless, the team behind this sidechain formerly called “Matic Network” has successfully deployed its new crypto today.
“ POL token update is now online on the Ethereum mainnet.
Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Internet value layer. POL unlocks this future.
POL is a next generation token which can power a large ecosystem of L2 chains based on ZK. It achieves this through a native re-staking protocol that allows POL holders to validate multiple chains and play multiple roles on each, transforming POL into a hyperproductive token.
This major milestone is the result of several months of development, extensive community consultation and a successful launch on the testnet. Many thanks and congratulations to everyone involved.
Let’s build the value layer of the internet together! »
In the official press release published on the Polygon website, this step constitutes a further step “ towards the value layer of the Internet » so cherished by the Polygon Labs team. However, we had to wait for months and consult a good number of crypto enthusiasts to arrive, she said.
Otherwise, the POL upgrade also marks the move to other stages of the Polygon 2.0 roadmap. So, expect:
- launch of a new staking layer to power Polygon layers 2;
- update of Proof-of-Stake (PoS) from Polygon to zkRollup;
- and implementation of an advanced interoperability and shared liquidity protocol powered by Zero Knowledge for all these L2s.
Further information
This successful update by Polygon Labs could cause users of Polygon zkEVM, Polygon PoS or MATIC holders to worry. To their attention, the team confirmed that systems active on Polygon PoS or Polygon zkEVM networks will not be subject to modification For now. “ All existing contracts will work as intended “, she added.
To node operators or stakers, Polygon made this proposal: issue opinions on the changes proposed in the PIPs, follow up on Github and monitor new versions of node software. All this will allow them to maintain a certain degree of compatibility with their own channel in the event of PIPs being approved by the community.
For application or tool developers, the Polygon spokesperson reassured that they should not suffer from major changes. He simply suggested that they “ review relevant PIPs, provide feedback on proposed changes, and analyze whether any changes break [leurs] smart contracts “.
We recently noted that two of Polygon’s creators have jumped ship. Fortunately this did not impact the progress of Polygon 2.0.
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