Layer-2 scaling solution Polygon (MATIC) is introducing new proposed changes to the network’s protocols as the initial phase of its anticipated technical upgrade begins.
In June, Polygon Labs announced that the blockchain will transition to Polygon 2.0, which aims to make the project the “value layer of the internet.”
In a new statement on social media platform X, the developer says the network is rolling out Phase 0 of Polygon 2.0 with the release of three Polygon Improvement Proposals (PIPs).
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The PIPs seek to see MATIC’s native asset converted into POL token and POL being used as the protocol’s native gas token and staking token.
“This summer, Polygon Labs unveiled the roadmap for Polygon 2.0, which aims to scale Ethereum blockspace to create the Value
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