The three PIPs unveiled today propose enhancements that seek to revolutionize nearly every aspect of the Polygon ecosystem.
Polygon has doubled down its efforts to create an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge technology for its recently unveiled Polygon 2.0’s roadmap. As such, Polygon Labs – the organization behind the scaling solution – has released three PIPs.
The implementation will, however, begin as early as Q4 of this year if the community endorses these proposals., Polygon Labs presented three Polygon Improvement Proposals that provide a comprehensive roadmap for Phase 0 with the overarching aim of establishing an interconnected network of zero-knowledge-powered layer-2 chains.the transformation of MATIC into POL, which will serve as the upgraded native token for Polygon 2.0, as well as accompanying contracts.
The proposal also notes that POL tokens can be migrated at a 1:1 ratio from existing MATIC tokens. POL’s initial supply stands at 10 billion with a yearly emission of 2% evenly distributed between validator staking rewards and a community treasury.
“Polygon 2.0 envisions a network of interconnected ZK-powered L2 chains that, on aggregate, expand Ethereum blockspace and create the Value Layer of the Internet. This environment is seamlessly interoperable, offering access to unified blockspace across all Polygon chains as well as infinite scalability.”
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