Polygon 2.0 Unveils Roadmap for an Interconnected Ethereumย (ETH) Ecosystem
Polygon is making wholeย lotย of strides towards creating a connected layer-2 Ethereumย (ETH) ecologicalย system using zero-knowledge technology with the release of its Polygon 2.0 roadmap. Polygon Labs, the organization behind this growing solution, has introduced 3 Polygon Improvement Proposals (PIPs) to kickstart the implementation process. Nonetheless, community endorsement is critical for these proposals, and if received, implementation will begin as early as Q4 of this year.
The Proposals for Polygon 2.0
In a blogย post, Polygon Labs outlined the 3 PIPs that form the comprehensive roadmap for Phase 0 of Polygon 2.0. The primary goal is to establish an interconnected network of zero-knowledge-powered layer-2 chains. PIP 17 concentratesย on transforming MATIC into the upgraded native token POL, which will beย executedย in conjunction with accompanying contracts. The proposition likewise includes initial configurations for emission management and token migration.
PIP 18 proposes critical components such as initiating the POL upgrade, transitioning from MATIC to POL as the native token for Polygon PoS, adopting POL as the staking token, and launching the Staking Layer. This proposition likewise involves migrating Polygonโs public chains to leverage this new layer.
Smooth Transition
PIP 19 intendsย to upgrade the native gas token on Polygon POS by replacing MATIC with POL while ensuring backward compatibility. This primarily involves upgrading the native MATIC Bridge Contract toย facilitate the transition from MATIC to POL as the backed token on Polygon PoS.
Itโs criticalย to note that this transition wonโt be impact existing contracts or functionalities of Polygon PoSโs native token. Nonetheless, contracts on the Ethereumย (ETH) side relying on MATIC from the native MATIC Bridge couldย be influenced. The overall objective is to smoothly shift to POL as the native gas token on Polygon POS while minimizing disruptions.
Hot Take: Polygon 2.0 Paves the Way for an Interconnected Ethereumย (ETH) Ecosystem
Polygonโs commitment to building an interconnected layer-2 Ethereumย (ETH) ecologicalย system through zero-knowledge technology is evident in the release of its Polygon 2.0 roadmap. With the introduction of 3 Polygon Improvement Proposals, Polygon Labs intendsย to establish a network of zero-knowledge-powered layer-2 chains that expand Ethereumย (ETH) blockspace and create the Value Layer of the Internet. This vision of seamless interoperability and infinite scalability is a wholeย lotย of step towards unlocking the full probable of decentralized applications on the Ethereumย (ETH) network.
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