Polygon 2.0: Everything You Need to Know About 3 PIPs and Phase 0


16 Sep 2023 4:41 PM

The three PIPs unveiled today propose enhancements that seek to revolutionize nearly every aspect of the Polygon ecosystem....

  • Polygon Labs has released three Polygon Improvement Proposals (PIPs) to enhance the Polygon ecosystem.
  • The proposals aim to establish an interconnected network of zero-knowledge-powered layer-2 chains.
  • PIP 17 focuses on transforming MATIC into POL, the upgraded native token for Polygon 2.0.
  • PIP 18 proposes the initiation of the POL upgrade, adoption of POL as the staking token, and migration of public chains to leverage the Staking Layer.
  • PIP 19 aims to upgrade the native gas token on Polygon POS from MATIC to POL while ensuring backward compatibility.

The article highlights the efforts of Polygon Labs to revolutionize the Polygon ecosystem through the implementation of three PIPs. The sentiment is positive as the proposals aim to enhance scalability and interoperability.

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You May Ask

What are the three Polygon Improvement Proposals (PIPs) released by Polygon Labs?What is the focus of PIP 17?What does PIP 18 propose for the Polygon ecosystem?How does PIP 19 aim to upgrade the native gas token on Polygon POS?

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