Polygon

Coin

<ul class="news-points"> 
 <li>Polygon officially announced the release of three PIPs as part of Polygon 2.0 upgrade.</li> 
 <li>POL replaces MATIC as the new native coin in the Polygon ecosystem.</li> 
 <li>The token replacement may suggest potential implications for Polygon’s investors.</li> 
</ul> 
On Thursday, September 14, 2023, Polygon Labs officially <a href="https://polygon.technology/blog/polygon-2-0-implementation-officially-begins-the-first-set-of-pips-polygon-improvement-proposals-released" target="_blank" rel="noopener noreferrer nofollow">announced</a> the release of three Polygon Improvement Proposals (PIPs) as part of the proposed Polygon 2.0 upgrade. Prominently featured among them is the replacement of MATIC with POL as the new native coin in the Polygon ecosystem. 
Last Thursday’s event marked the beginning of the implementation of Polygon 2.0, with the native token replacement suggestive of potential implications for investors on the Polygon Network. Such investors may be concerned about the latest development, considering the recent classification of MATIC as a security token by the U.S. <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a>. 
Among the three released PIPs is the PIP-17, which details how Polygon Network would adopt POL. The newly created token would replace MATIC as the native gas token and the staking asset of the Polygon ecosystem. PIP-18 focuses on phase 0 of the new upgrade and requires en… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/polygon-labs-details-matic-to-pol-transition-in-new-proposals/">Polygon Labs Details MATIC to POL Transition in New Proposals</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Polygon Labs Details MATIC to POL Transition in New Proposals

Coin Edition

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