Polygon 2.0 Implementation Begins: MATIC to be Upgraded to POL

• Polygon 2.0 implementation commences, aiming to revolutionize the Ethereum block house.
• Section 0 of the improve will transition from MATIC to POL and make POL the native gasoline token.
• The implementation of the upgrades is slated to start as early as This autumn 2023, topic to group endorsement.

Polygon Labs, the event workforce for the Polygon networks, has formally introduced the graduation of the Polygon 2.0 implementation. In a current tweet, the workforce proclaimed that Polygon 2.0 is commencing with the revealing of three Polygon Enchancment Proposals (PIPs). It additionally features a roadmap for Section 0 of the extremely anticipated improve.

Within the tweet, the event workforce first highlighted that it had disclosed the roadmap for Polygon 2.0 in July. Based on them, Polygon 2.0 seeks to revolutionize the Ethereum block house by establishing the Worth Layer of the Web. The workforce believes the function will usher in limitless scalability and unified liquidity.

In the meantime, Polygon Labs famous that Polygon’s protocol structure wants a complete improve to appreciate the imaginative and prescient. Subsequently, Section 0 marks the essential start line for the transformation.

Moreover, the workforce highlighted that Section 0 focuses on 4 important upgrades to the protocol. The primary consists of initiating the replace to transition from the MATIC native token to POL. The following in line shall be for POL to develop into the gasoline token for the Polygon proof-of-stake (PoS) blockchain.

Thirdly, POL will develop into the staking token for PoS. The fourth step contains the launch of the Staking Layer. Based on the workforce, this half will allow validators to safe many chains throughout the Polygon 2.0 ecosystem.

Notably, Polygon Labs said that implementing these upgrades is slated to start as early as This autumn of this 12 months. It additionally talked about that the implementation is contingent on the group’s endorsement of the proposals.

Furthermore, the event workforce clarified that these preliminary adjustments outlined within the first three PIPs is not going to impression finish customers instantly. Polygon Labs invitations the group to contribute to the transformative journey.