Token

Polygon

<h4><strong>This significant upgrade marks a major step forward for the Polygon ecosystem. </strong></h4> 
<p>POL will replace MATIC as the native gas and staking token for the Polygon PoS chain in its initial phase.</p> 
<h5><strong>POL to Replace MATIC as a Native Token</strong></h5> 
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
 <div class="flex-col gap-1 md:gap-3"> 
  <div class="flex flex-grow flex-col max-w-full"> 
   <div class="min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto" dir="auto" data-message-author-role="assistant" data-message-id="169459da-698b-4f1d-83c9-44aaff939270"> 
    <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> 
     <div class="markdown prose w-full break-words dark:prose-invert light"> 
      <p>In later phases, POL will enhance the Aggregated Layer, boosting the Polygon network’s functionality and security. The POL migration aims to unify liquidity and state across chains, supporting Polygon’s vision as a top blockchain network. This evolution is designed to provide robust security for Polygon as an interconnected blockchain system.</p> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>For current <a href="https://www.coingecko.com/en/coins/polygon" target="_blank" rel="noopener">MATIC holders</a> on the Polygon PoS chain, no immediate action is required during the migration. However, those holding MATIC on Ethereum, Polygon zkEVM, and centralized exchanges. As well as stakers, delegators, and liquid staking token (LST) holders, may need to take specific steps to adapt to the upgrade.</p> 
<p><img decoding="async" class="wp-image-146137 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xcvvcbnbvghfgh-247x300.jpg" alt="" width="412" height="500" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xcvvcbnbvghfgh-247x300.jpg 247w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xcvvcbnbvghfgh-346x420.jpg 346w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xcvvcbnbvghfgh.jpg 393w" sizes="(max-width: 412px) 100vw, 412px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/0xPolygonFdn/status/1813846238455873964" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><strong>More About the MATIC-POL Upgrade</strong></h5> 
<p>The <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/why-matic-is-converting-to-pol/" target="_blank" rel="noopener">POL upgrade</a> on the testnet went live on July 17th. This serves as a crucial dress rehearsal for the mainnet migration. This testnet phase has been instrumental in identifying and fixing potential issues. This ensures the stability and security of the upgrade process. It also offers users and developers an opportunity to familiarize themselves with the new functionalities before the mainnet transition.</p> 
<p><img decoding="async" class="wp-image-146139 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcvbbnvnbhjh-243x300.png" alt="" width="382" height="472" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcvbbnvnbhjh-243x300.png 243w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcvbbnvnbhjh-340x420.png 340w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcvbbnvnbhjh-324x400.png 324w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/xvcvbbnvnbhjh.png 393w" sizes="(max-width: 382px) 100vw, 382px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/0xPolygonFdn/status/1813846241433784733" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The introduction of POL is a strategic move to enhance Polygon’s infrastructure, making it more resilient and scalable. As the native gas and staking token, POL will facilitate transactions and staking operations, ensuring seamless and efficient operations within the <a href="https://polygon.technology/polygon-pos" target="_blank" rel="noopener">Polygon PoS chain</a>. In the Aggregated Layer, POL’s role will be pivotal in maintaining the interconnectedness and liquidity across different chains, contributing to a unified and cohesive blockchain network.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone wp-image-123700 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="Ivl55llVYn8">
 <iframe title="WHY Are ***** Hating Crypto NOW?" width="696" height="392" src="https://www.youtube.com/embed/Ivl55llVYn8?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/polygons-matic-pol-upgrade-on-september-4th/">Polygon’s MATIC-POL Upgrade on September 4th</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Polygon’s MATIC-POL Upgrade on September 4th

Altcoin Buzz

Andre artikler udgivet 22. jul. 2024

Breaking: Mt Gox Set For Large Bitcoin Repayment Ahead Ethereum ETF Launch

The Global Startup Awards Announces Southern African Regional Winners, now Competing for the Top ...

What Tron’s rising user base means for TRX prices

How Kamala Harris’ nomination could impact your crypto holdings

DeSyn Protocol Partners with Babylon to Enhance Bitcoin Staking Yields

WazirX hacker moves $2.4M more, only $5M left now

Join our free newsletter for daily crypto updates!