Polygon 2.0: The Value Layer of the Internet

Polygon, a leading blockchain network, has announced its ambitious plan to construct the Value Layer of the Internet through the introduction of Polygon 2.0. This groundbreaking upgrade aims to establish a fundamental protocol that enables the creation, exchange, and programming of value in a decentralized manner.

Polygon 2.0: The Value Layer of the Internet

Polygon, a leading blockchain network, has announced its ambitious plan to construct the Value Layer of the Internet through the introduction of Polygon 2.0. This groundbreaking upgrade aims to establish a fundamental protocol that enables the creation, exchange, and programming of value in a decentralized manner.

Similar to how the Internet revolutionized access to information, the Value Layer aspires to democratize access to the global economy. By facilitating decentralized finance, digital ownership, and innovative mechanisms for coordination, Polygon seeks to revolutionize the existing Internet landscape and empower users while reducing the influence of gatekeepers, rent-seekers, and intermediaries.

Polygon 2.0 serves as the blueprint for the development of the Value Layer, encompassing comprehensive upgrades across various aspects of the Polygon network, including protocol architecture, tokenomics, and governance. Over the next few weeks, Polygon will release detailed information on each component of Polygon 2.0, covering topics such as the future of the Polygon Proof-of-Stake (PoS) chain, the evolution of the Polygon token, and the transition towards greater community governance.

The overarching objective of Polygon is to transform into the Value Layer of the Internet, providing unparalleled scalability and unified liquidity through the utilization of zero-knowledge (ZK) technology. By constructing a network of ZK-powered Layer 2 chains interconnected by an innovative cross-chain coordination protocol, Polygon aims to present users with a seamless experience akin to operating on a single chain.

This network has the potential to support an unlimited number of chains while ensuring secure and instant cross-chain interactions without compromising security or trust.

Polygon 2.0 marks a significant milestone in the evolution of Ethereum and the crypto ecosystem as a whole. While Ethereum introduced the concept of the Value Layer, Polygon recognizes the need to bridge the gap between existing blockchains and the scalable, unified nature of the Internet. Through Polygon 2.0, Ethereum will realize its full potential and align with its original purpose.

The development of Polygon 2.0 has been a collaborative effort involving Polygon Labs, developers, researchers, applications, node operators, validators, and the wider Polygon and Ethereum communities. Extensive discussions on Polygon 2.0 can be found on the community forum, showcasing the inclusivity and transparency of the project.

To ensure comprehensive understanding and engagement, Polygon will release detailed information on the various components of Polygon 2.0 through blog posts, community meetings, and Ask Me Anything (AMA) sessions with the founders and engineers.

The introduction of a formal governance process within the Polygon ecosystem empowers the community, emphasizing the significant role of builders, creators, and all stakeholders in shaping the future of Polygon. Community participation is vital, as only the Polygon community, as the custodians of the Polygon protocol, possesses the authority to accept and implement Polygon 2.0.

Polygon is poised to embark on an exciting new chapter with the introduction of Polygon 2.0, solidifying its position as a pioneering force in revolutionizing the Internet’s value landscape.

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