Polygon

Date: Fri, Sept 13, 2024, 11:50 AM GMTIn the cryptocurrency market today, Binance has successfully <a href="https://www.binance.com/en/square/post/13483195176402" rel="noopener noreferrer nofollow">completed </a>the migration of Polygon’s native token from $MATIC to $POL and the trading is live of $POL. This milestone, which took effect on September 4, 2024, is more than just a name change—it represents a major upgrade for Polygon&#39;s network, focusing on improved scalability, security, and interoperability.Binance managed the transition with precision, converting all $MATIC tokens to $POL at a 1:1 ratio. The migration aligns with Polygon&#39;s ambitious Polygon 2.0 upgrade, which aims to make the network more versatile and efficient for various blockchain applications.At the time of writing Polygon (POL) is surges by impressive &#43;8.79% and currently trading trading at $0.4122 with the marketcap of $2.89 billion.What’s New with $POL?The introduction of $POL isn’t merely about a new name. It signifies a broader transformation in Polygon’s approach to blockchain technology. Initially, $POL will function as both the gas and staking token for Polygon&#39;s Proof of Stake (PoS) network. Looking ahead, $POL will also support Polygon’s new “AggLayer,” an aggregation layer designed to enhance interaction between different blockchains.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c1b1e76e186b4da6a294d91152bc77fa.png" />Source: PolygonThis <a href="https://polygon.technology/blog/matic-to-pol-migration-is-now-live-everything-you-need-to-know?utm_source&#61;twitter&amp;utm_medium&#61;social&amp;utm_campaign&#61;blog" rel="noopener noreferrer nofollow">upgrade </a>promises to cut transaction costs, speed up transactions, and improve interoperability across diverse blockchain platforms.ConclusionThe successful migration from $MATIC to $POL is a crucial step for Polygon as it transitions into a more advanced and interconnected blockchain network. With $POL set to enhance transaction efficiency and broaden interoperability, Polygon is positioning itself to better meet the demands of the evolving blockchain market.Related Articles: <a href="https://coinsprobe.com/nervos-network-ckb-sees-massive-surge-after-upbit-listing-more-gains-ahead/" rel="noopener noreferrer nofollow">Nervos Network (CKB) Sees Massive Surge After Upbit Listing—More Gains Ahead?</a>

Binance Has Completed the Polygon (MATIC) Token Upgrade to Polygon (POL)

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