Polygon

Polygon Labs has released three <a target="_blank" href="https://tokeninsight.com/en/coins/polygon/overview" rel="noopener noreferrer nofollow">Polygon</a> 2.0 Upgrade Proposals (PIPs) that detail the outline of the transition, specifications for the upgraded Polygon 2.0 architecture, and updates to its native tokens. These proposals will be implemented upon approval via a governance vote. The final Polygon 2.0 upgrade is expected to take place next year. 
Among the three proposals, PIP-17 outlines "Phase 0" of Polygon 2.0. The main aspect of the proposal is to ensure that end-users and developers do not have to take any action on existing Polygon PoS and Polygon zkEVM chains during the upgrade. 
PIP-18 proposes the deployment of POL tokens, which are intended to replace the existing MATIC tokens as the native Gas and staking asset of the Polygon ecosystem. 
PIP-19 proposes to upgrade the native Gas token on Polygon PoS from MATIC to POL. This ensures that the token upgrade does not change the smart contracts on Polygon PoS in terms of compatibility. The goal is to ensure upgraded POL token's code properties remain the same. 
<img src="https://s2.tokeninsight.com/static/calendar/img202309141116000d2b52a3-7469-4216-a708-894730bef0ac.jpg"> 
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news" rel="noopener noreferrer nofollow">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a> 
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a> 
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com" rel="noopener noreferrer nofollow">news@tokeninsight.com</a>

Polygon Releases Three Proposals on 2.0 Upgrade

TokenInsight

Other articles published on Sep 14, 2023

Sui Network adds Google, Twitch, and Facebook logins for dapps

North Korea linked to latest crypto hacks, surpassing $270m

Crypto Theft from Fortress Trust Traced Back to Phishing Attack on Cloud Vendor

Just in: Bitwave acquires payments and accounting platform Gilded

Telegram announces integration of TON crypto wallet, token price sees 11% uptick

R3 downsizing, lays off 20% of staff citing economic challenges

Join our free newsletter for daily crypto updates!