2024

Polygon

Daily

<ul class="news-points"> 
 <li>According to Polygon’s founder, the anticipated upgrade of the Layer-two blockchain will happen this year.</li> 
 <li>After upgrading, Polygon will switch from MATIC to POL as its native token.</li> 
 <li>Polygon founder said POL will be a multichain, hyper-productive token.</li> 
</ul> 
According to Polygon Founder Sandeep Nailwal, the anticipated upgrade of the Layer-two blockchain will happen this year. The upgrade would see Polygon change the ticker of its native token from MATIC to POL, among other features. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Polygon 2.0 is on the horizon. <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MATIC</a> becomes <a href="https://twitter.com/search?q=%24POL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$POL</a> This is a big deal. Sandeep (the founder) explains <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/TaRL2oHzQG" target="_blank" rel="nofollow">pic.twitter.com/TaRL2oHzQG</a>— Altcoin Daily (@AltcoinDailyio) <a href="https://twitter.com/AltcoinDailyio/status/1747498765429375025?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 17, 2024</a>
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In a recently uploaded video, Nailwal explained the characteristics of the upcoming POL token. According to him, POL will be a multichain token, a quality he thinks would make it relevant in the blockchain ecosystem. He noted that the inbuilt tokenomics of POL ensure 1% inflation per year. 
Nailwal further explained that POL’s inflation was a deliberate introduction to incentivize validators. He believes such incentivization would motivate them to keep validating and securing the network. He noted tha…
The post <a href="https://coinedition.com/polygon-prepares-huge-upgrade-switching-from-matic-to-hyper-productive-pol/">Polygon Prepares Huge Upgrade, Switching From MATIC to Hyper-Productive POL</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Polygon Prepares Huge Upgrade, Switching From MATIC to Hyper-Productive POL

Coin Edition

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