POL (ex-MATIC)
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POL (ex-MATIC) Info
POL (ex-MATIC) Team
IndividualsPOL (ex-MATIC) Intro
Introduction of POL: The Polygon Ecosystem Token, POL, was introduced as a critical part of Polygon's evolution, aiming to eventually replace the MATIC token. This marked a significant milestone in Polygon's journey toward building a broader ecosystem of zero-knowledge-based Layer 2 blockchains.
Unveiling of POL and Strategic Shift: With the unveiling of POL, Polygon took a significant leap towards creating a more robust and multi-functional ecosystem. The introduction of POL was not just a token replacement but a strategic move to foster a vast ecosystem of zero-knowledge-based Layer 2 chains. This initiative reflected Polygon's vision to address the evolving needs of its ecosystem and laid the groundwork for further developments in Polygon 2.0, including a new staking layer and upgrading to zkEVM layer-2.
Transition from MATIC to POL: The transition from MATIC to POL signified a move towards a more extensive network of Layer 2 chains powered by zero-knowledge proofs, aiming to enhance ecosystem security, scalability, and community governance. This transition was not just a rebranding but a strategic step to create a future-proof ecosystem with multi-fold utility and incentives for validators, thereby encouraging active participation.
POL Contracts on Ethereum Mainnet: A major milestone in the Polygon 2.0 journey was the initiation of the POL upgrade on the Ethereum mainnet, marking the start of a new era for Polygon. This upgrade was a culmination of months of development, community consultation, and a successful testnet launch. The POL upgrade was a significant step in the roadmap of Polygon 2.0, paving the way for launching new staking layers, upgrading to zkRollup, and implementing advanced interoperability protocols for Layer 2 solutions.
Future Upgrade Plans: The POL proposal, if supported by the community, is estimated to take place in Q4 2023, with the systems utilizing MATIC beginning the transition in Q1 2024. This allows time for a smooth migration/upgrade and stakeholder preparation. The initial amount of POL tokens at the time of the upgrade is planned to be 10 billion, mirroring the supply of MATIC for a 1:1 upgrade.
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Introduction of POL: The Polygon Ecosystem Token, POL, was introduced as a critical part of Polygon's evolution, aiming to eventually replace the MATIC token. This marked a significant milestone in Polygon's journey toward building a broader ecosystem of zero-knowledge-based Layer 2 blockchains.
Unveiling of POL and Strategic Shift: With the unveiling of POL, Polygon took a significant leap towards creating a more robust and multi-functional ecosystem. The introduction of POL was not just a token replacement but a strategic move to foster a vast ecosystem of zero-knowledge-based Layer 2 chains. This initiative reflected Polygon's vision to address the evolving needs of its ecosystem and laid the groundwork for further developments in Polygon 2.0, including a new staking layer and upgrading to zkEVM layer-2.
Transition from MATIC to POL: The transition from MATIC to POL signified a move towards a more extensive network of Layer 2 chains powered by zero-knowledge proofs, aiming to enhance ecosystem security, scalability, and community governance. This transition was not just a rebranding but a strategic step to create a future-proof ecosystem with multi-fold utility and incentives for validators, thereby encouraging active participation.
POL Contracts on Ethereum Mainnet: A major milestone in the Polygon 2.0 journey was the initiation of the POL upgrade on the Ethereum mainnet, marking the start of a new era for Polygon. This upgrade was a culmination of months of development, community consultation, and a successful testnet launch. The POL upgrade was a significant step in the roadmap of Polygon 2.0, paving the way for launching new staking layers, upgrading to zkRollup, and implementing advanced interoperability protocols for Layer 2 solutions.
Future Upgrade Plans: The POL proposal, if supported by the community, is estimated to take place in Q4 2023, with the systems utilizing MATIC beginning the transition in Q1 2024. This allows time for a smooth migration/upgrade and stakeholder preparation. The initial amount of POL tokens at the time of the upgrade is planned to be 10 billion, mirroring the supply of MATIC for a 1:1 upgrade.