Polygon, the prominent Ethereum layer 2 scaling solution, is making strides towards a significant upgrade, changing its token from $MATIC to $POL.
$POL token to have increased functionality
The team behind Polygon has put forward a proposal that could change the game for its native token, $MATIC. This isn’t just a minor tweak; it’s part of the grand plan for Polygon 2.0., and if the community gives the green light, $MATIC tokens will transform into Polygon ($POL) tokens.
But these aren’t just any tokens. $POL tokens will have the power to be staked across multiple chains within the Polygon ecosystem. This isn’t just about changing the name; it’s about boosting the scalability of the ecosystem without putting security on the line. The new $POL token won’t be confined to a single protocol. It’s designed to be a jack-of-all-trades, operating across all Polygon protocols. That includes Proof of Stake (PoS), zkEVM, and Supernets.
What does this mean for Polygon validators?
They’ll h
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