Polygon Roadmap: 2.0 Upgrade and POL Token Migration Plans Revealed

Crypto News– The Ethereum scalability project, Polygon, has officially put forward its proposed changes for the upcoming Polygon 2.0 upgrade.

Polygon Roadmap: 2.0 Upgrade and POL Token Migration Plans Revealed

Initially introduced in June, Polygon 2.0’s primary objective is to establish a comprehensive network of interconnected Layer 2 chains, driven by the utilization of zero-knowledge proofs.

Polygon Labs has recently unveiled a set of three comprehensive Polygon Improvement Proposals (PIPs), providing a detailed roadmap for the transition, outlining the specifications for the enhanced Polygon 2.0 architecture, and addressing updates related to its native token.

These proposals signify a crucial step in the platform’s evolution, and the Polygon community is warmly encouraged to actively participate by offering their feedback and insights. The ultimate realization of these proposals hinges on their approval through a governance vote, reaffirming the decentralized and community-driven nature of the Polygon network.

The final release of Polygon 2.0 is anticipated to take place next year. Among the three proposals, the first, PIP-17, delves into the specifics of “Phase 0” of Polygon 2.0. The central aspect of this proposal is to ensure that no action will be demanded from end-users and developers utilizing the existing Polygon PoS and Polygon zkEVM chains during the upgrade.

Furthermore, PIP-18 outlines the adoption of the POL token, which is set to replace the MATIC token as the native asset for gas and staking within the Polygon ecosystem.