Layer-2 scaling resolution Polygon (MATIC) is introducing new proposed modifications to the community’s protocols because the preliminary part of its anticipated technical improve begins.
In June, Polygon Labs introduced that the blockchain will transition to Polygon 2.0, which goals to make the undertaking the “worth layer of the web.”
In a brand new assertion on social media platform X, the developer says the community is rolling out Part 0 of Polygon 2.0 with the discharge of three Polygon Enchancment Proposals (PIPs).
The PIPs search to see MATIC’s native asset transformed into POL token and POL getting used because the protocol’s native fuel token and staking token.
“This summer time, Polygon Labs unveiled the roadmap for Polygon 2.0, which goals to scale Ethereum blockspace to create the Worth Layer of the Web, offering limitless scalability and unified liquidity.
To ship this imaginative and prescient Polygon’s protocol structure must be upgraded, with Part 0 introduced at the moment.”
The Polygon developer says Part 0 focuses on 4 principal upgrades to the protocol.
“1. Initiation of MATIC to POL improve
POL turning into the native (fuel) token for PoS
POL turning into the staking token for PoS
Launch of the Staking Layer, enabling validators to safe a myriad of chains within the Polygon 2.0 ecosystem”
Polygon Labs says implementation will begin as early because the final quarter of 2023 if the group endorses the proposals.
“The modifications outlined at the moment within the first 3 PIPs won’t have an effect on finish customers at this stage.”
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