Polygon announces 3 new Polygon improvement proposals

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Polygon announces 3 new Polygon improvement proposals

Polygon has released a new set of improvement proposals for its version of the polygon 2.0 interface.

The three new Polygon Improvement Proposals aim to address the token migration from MATIC to POL, as well as the launch of Polygon's new staking layer.

The PIPs establish four core steps, including initializing 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 could roll out phase 0 in Q4 of this year if the community demands minimal changes to the proposals.

Polygon said that he would not make any further comment, but said it was not clear whether he would speak to the president of the United States.

Blockchain firm CoinGecko says that polygon's MATIC token is up nearly 2% today, but down 4% over the past week.

In June, Polygon first announced plans for its 2.0 upgrade, calling for the unification of Polygon's multiple scaling methods into a multi-chain ecosystem of interconnected networks leveraging zero-knowledge technology.

The ecosystem of polygon is currently encompassing the PoS Chain, zkEVM, Nightfall, and Miden networks. The PoS Chain was launched in 2017 before rebranding in 2021, and is Polygon's largest network with a net worth of $792 million.

The PoS Chain, however, is lagging in technical capabilities compared to Polygon's flagship zkEVM, which was launched in March of this year. The 2.0 roadmap includes the integration of the PoS Chain and zkEVM, combining the impressive TVL of PoS Chain with the technical capabilities of zkEVM.

In addition to the hybrid optimism-ZK rollup, Polygon launched Nightfall, a hybrid optimism-ZK rollup developed in partnership with Ernst & Young last year. In April 2022, Polygon launched supernets, enabling teams to launch bespoke Layer 3 appchains while leveraging Polygon's staking layer for security. The Chain Development Kit from Polygon was released last month, allowing users to launch their own layer 2s based on Polygon's tech.