Polygon PoS Network Surpasses 3 Billion Transactions
Since its mainnet launch in June 2020, Polygon has become the leading Ethereum scaling solution. While the network plans to embrace zero-knowledge technology for a multichain future, its Proof-of-Stake (PoS) chain continues to achieve significant milestones.
According to Polygon Scan data, the Polygon PoS network has now processed over 3 billion transactions. As of now, the network’s transaction count stands at 3,003,456,572.
This accomplishment is particularly impressive considering that it has been just over three years since the mainnet launch. In comparison, Ethereum, which launched over eight years ago, has processed only 2.098 billion transactions according to Etherscan data.
Polygon 2.0 Roadmap and Achieving a ZK-Powered Ethereum Layer 2
As Polygon looks towards the future with its 2.0 roadmap, the goal is to transform into a network of ZK-powered Ethereum Layer 2 solutions. To accomplish this transition, developers have proposed several changes, including moving the PoS network to zkEVM validium, upgrading MATIC to POL, and revamping governance.
Polygon Labs recently unveiled Phase 0 of the Polygon 2.0 implementation plan and introduced three Polygon Improvement Proposals (PIPs) for community feedback. These proposals focus on the upgrade from MATIC to POL and implementing POL as the native token of the PoS chain.
Polygon’s Transaction Milestone Highlights Its Wide Adoption
The number of transactions on a blockchain provides valuable insights into its adoption rate. With Polygon surpassing 3 billion transactions, it is evident that the network is one of the most widely used in the crypto space.
Hot Take: Polygon Sets New Transaction Record and Paves the Way for a ZK-Powered Future
Polygon’s PoS network reaching over 3 billion transactions showcases its growing prominence in the crypto industry. With a focus on becoming a network of ZK-powered Ethereum Layer 2 solutions, Polygon’s 2.0 roadmap sets the stage for even greater advancements. The proposed changes, including zkEVM validium and upgrading to POL, demonstrate Polygon’s commitment to scalability and efficiency. As the network continues to gain traction and widespread adoption, it solidifies its position as a key player in the blockchain ecosystem.
Daniel Lycon emerges as an intellectual polymath, gracefully merging the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Navigating the intricate tapestry of digital currencies, Daniel’s keen insight resonates harmoniously with a diverse range of inquisitive minds. His adeptness at deciphering the most intricate threads of crypto intricacies flawlessly complements his editorial prowess, transforming complexity into an eloquent symphony of comprehension.