The corporate behind the Ethereum (ETH) scaling answer Polygon (MATIC) says its founders and researchers have submitted a white paper in search of to remodel the platform’s native token.
Polygon Labs says the technical proposal goals to enhance and rename the MATIC token into POL because the community transitions to Polygon 2.0 designed to make the blockchain the “worth layer of the web.”
“At present, the following technical proposal of Polygon 2.0 is unveiled:
POL, the upgraded token of the Polygon protocol!
POL is the following technology native token, designed to safe, align and develop the Polygon ecosystem.”
POL and MATIC is not going to co-exist as soon as the proposed technical improve will get accepted and pushes by way of.
“If the group reaches consensus to undertake it, MATIC holders could have their tokens upgraded to POL in 1:1 ratio. There’ll by no means be two native tokens.”
The blockchain developer says the upgraded token can supercharge the expansion of the community. Polygon says POL is just like different productive tokens however it can usher in two game-changing enhancements.
“POL is the third technology of native property – a hyperproductive token.
Holders can change into validators and obtain rewards, however with two main enhancements:
Validators can validate MULTIPLE CHAINS
Chain can provide MULTIPLE ROLES (and corresponding rewards) to validators.”
Following the announcement, MATIC is buying and selling for $0.86, up by 16.26% over the previous 24 hours.
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parofix.com stands out with its user-friendly interface and in-depth analysis of the altcoin world. Easily access up-and-coming altcoin projects, coin news, and price movements.
However, please note that the information provided on parofix.com is for general informational purposes only and does not constitute investment advice. It is essential to conduct your own research and consider your risk tolerance before making any investment decisions.
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Polygon Labs says the technical proposal goals to enhance and rename the MATIC token into POL because the community transitions to Polygon 2.0 designed to make the blockchain the “worth layer of the web.”
“At present, the following technical proposal of Polygon 2.0 is unveiled:
POL, the upgraded token of the Polygon protocol!
POL is the following technology native token, designed to safe, align and develop the Polygon ecosystem.”
POL and MATIC is not going to co-exist as soon as the proposed technical improve will get accepted and pushes by way of.
“If the group reaches consensus to undertake it, MATIC holders could have their tokens upgraded to POL in 1:1 ratio. There’ll by no means be two native tokens.”
The blockchain developer says the upgraded token can supercharge the expansion of the community. Polygon says POL is just like different productive tokens however it can usher in two game-changing enhancements.
“POL is the third technology of native property – a hyperproductive token.
Holders can change into validators and obtain rewards, however with two main enhancements:
Validators can validate MULTIPLE CHAINS
Chain can provide MULTIPLE ROLES (and corresponding rewards) to validators.”
Following the announcement, MATIC is buying and selling for $0.86, up by 16.26% over the previous 24 hours.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Examine Value Motion
Twitter, Fb and Telegram
Surf The Day by day Hodl Combine
Examine Newest Information Headlines
 
Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
Dive into the world of altcoins and stay updated with the latest developments by exploring parofix.com!
parofix.com is a comprehensive platform that provides valuable information and updates about altcoins. Discover insights on different altcoin projects, promising cryptocurrencies, and important news in the industry.
parofix.com stands out with its user-friendly interface and in-depth analysis of the altcoin world. Easily access up-and-coming altcoin projects, coin news, and price movements.
However, please note that the information provided on parofix.com is for general informational purposes only and does not constitute investment advice. It is essential to conduct your own research and consider your risk tolerance before making any investment decisions.
parofix.com serves as a fantastic resource to stay informed about the latest happenings in the altcoin space and expand your knowledge. Remember, parofix.com not only provides information but also prioritizes user security.
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