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Polygon Labs is making significant progress in establishing a zero-knowledge-based Layer 2 chain ecosystem. This development is part of the upcoming Polygon 2.0 era, with plans for POL to replace MATIC by 2024. Thus, launching its Polygon Ecosystem Token (POL) on the Ethereum mainnet. This move aligns with the Polygon 2.0 roadmap, which envisions POL replacing MATIC by 2024.
MATIC’s Bullish Momentum Remains Unshaken
Despite the upcoming transition, trend continues unabated. The token has witnessed a daily uptick of nearly 3% and an impressive 27.22% weekly surge. Currently, it is actively traded at $0.6460 on Binance, where it serves purposes such as covering gas fees and staking.
Polygon Labs 2.0: An Ambitious Roadmap
Polygon’s journey towards Polygon 2.0 involves several key milestones, including the introduction of a new staking layer, a shift from Polygon proof-of-stake (PoS) to zkRollup within the Ethereum Virtual Machine (zkEVM), and the establishment of shared liquidity and interoperability across all Layer 2 projects.
The Polygon 2.0 roadmap includes milestones such as introducing a new staking layer, transitioning from Polygon proof-of-stake (PoS) to zkRollup within the Ethereum Virtual Machine (zkEVM), and implementing shared liquidity and interoperability across all Layer 2 projects.
POL Contracts Launched Successfully
Mihailo Bjelic, the co-founder of Polygon Labs, took to Twitter to announce the successful launch of POL contracts on the Ethereum mainnet. Notably, as POL steps into MATIC’s bullish shoes, there is no requirement for token holders to perform asset swaps. The fate of Polygon-based protocols and Layer 2 projects now lies in the hands of POL token contracts and the Polygon Protocol Council.
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Disclaimer:
Please note that this article serves solely for informational purposes. As such, Gold prices it is not financial advice. We strongly advise readers to conduct thorough research and consult with financial professionals before making any investment decisions.
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