Polygon 2.0 announces 3 new improvement proposals

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Polygon 2.0 announces 3 new improvement proposals

The next set of improvement proposals for polygon 2.0 are now in place.

Announced on Sept. 13th, the three new Polygon Improvement Proposals focus on the token migration from MATIC to POL, plus the launch of Polygon's new staking layer.

The PIPs have four core steps, including preparing the token migration, making POL the native gas token for polygon networks, establishing POL as the staking token of polygon's networks, and launching the polygon 2.0 staking layer.

Polygon said it would roll out phase 0 in Q4 of this year if the community demands minimal changes to the proposals.

Polygon said he had no choice but to remain anonymous.

The Mamic token of Polygon is up nearly 2% today, but down 4% in the past week, according to CoinGecko.

In June, Polygon announced plans for its 2.0 transformation, calling for the unification of Polygon's various scaling solutions into a multi-chain ecosystem of interconnected networks utilizing zero-knowledge technology.

In today's ecosystem, Polygon consists of the PoS Chain, zkEVM, Nightfall, and Miden networks. The PoS Chain was first launched in 2017 before rebranding in 2021, and is Polygon's biggest network with a net worth of $792 million.

The PoS Chain, however, differs in technical capabilities compared to Polygon's zkEVM, which was launched in March of this year. The 2.0 project aims to combine PoS Chain and zkEVM, combining the impressive TVL of PoS Chain with the technical capabilities of zkEVM.

Then last year Polygon launched Nightfall, a hybrid optimistic-ZK rollup developed in collaboration with Ernst & Young. In April 2022, Polygon used Supernets, enabling teams to launch bespoke Layer 3 appchains while leveraging Polygon's staking layer for security. The chain development kit by Polygon was launched last month, enabling users to launch their own layers 2s based on Polygon's tech.