The startup behind Polygon printed from first enchancment proposals as a part of the transformation 2.0 of the well-known layer 2 answer.
This Thursday, Polygon Labs declared that the implementation of Polygon 2.0 formally kicked off in the present day with the discharge of the primary set of PIPs (Polygon Enchancment Proposals).
Introduced final June, Polygon 2.0 is a set of updates designed to “radically” reinvent virtually each side of the protocol, together with its structure, tokenomics and governance. The purpose is to create a community of L2 chains powered by ZK and unified through a brand new inter-chain coordination protocol.
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The 3 first proposals are a part of the part 0 of the initiative. They embody an outline of the transition, specs for the improved token and updates to the native Polygon PoS token.
PIP-18 supplies a normal overview of the upgrades that will likely be detailed in separate PIPs and goals to make sure that no motion will likely be required from customers and builders on Polygon PoS and Polygon zkEVM.
PIP-17 returns to its new POL token in addition to the accompanying contracts. ” POL permits particular person token migration MATIC current, with an preliminary provide of 10 billion and an annual situation of two% divided equally between validator wagering rewards and a neighborhood treasury,” reads the announcement.
This summer time, the layer2 proposed POL as a successor to MATIC. The digital half might be staged on the assorted channels of its ecosystem.
Lastly, PIP-19 is devoted to the replace of the native fuel token on Polygon PoS of MATIC to POL to make sure most compatibility.
This have to be completed by upgrading the native MATIC bridge contract. The native token on Polygon PoS will change from a MATIC bridge declare to a POL bridge declare,” says Polygon Labs.
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