Polygon Unveils Roadmap to Transition to Web3-Focused Polygon 2.0 Ecosystem

Polygon releases 3 improvement proposals to initiate transition to Polygon 2.0 ecosystem
Proposals outline technical details for establishing network of ZK-powered layer-2 chains
PIP-17 initiates upgrade from MATIC to POL as native token
PIP-18 describes POL token specs and migration process from MATIC at 11 ratio
PIP-19 updates native gas token from MATIC to POL while maintaining compatibility

cointelegraph.com

Relevant topic timeline:

8/29/2023

Polygon Releases 'Chain Development Kit' for ZK-Powered Networks on Ethereum

Polygon has released an open-source toolkit called Chain Development Kit (CDK) that allows developers to build blockchains with zero-knowledge (ZK) proofs, enabling interoperability between different chains. This move comes as other layer 2 solutions are also releasing their own ZK-powered toolkits. Polygon aims to create a "Value Layer" that makes value transfer as seamless as information exchange over the internet.

9/13/2023

Polygon Bets $1B on Zero-Knowledge Proofs to Scale Ethereum and Enable Interoperability

Polygon, a layer-2 blockchain firm, has invested $1 billion in zero-knowledge technology to develop Ethereum scaling solutions and create a seamless interoperable blockchain ecosystem.

9/20/2023

Crypto's Potential to Become New Asset Class Requires Fresh Perspectives

Crypto is poised to create a new investable asset class globally and will revolutionize the internet, requiring new business models, metrics, and research structures, as well as a framework to analyze value flows within the tech stack, particularly in relation to Ethereum's layer 2 solutions.

9/21/2023

Polygon Beats Out Optimism to Provide Layer-2 Scaling for Celo's Move to Ethereum

Polygon Labs, co-founded by Sandeep Nailwal, has proposed that the Celo blockchain utilize Polygon’s Chain Development Kit for its migration to a layer 2 network on Ethereum, amid competition from other layer 2 projects like Optimism’s OP Stack, to become the dominant technology for Ethereum’s interconnected layer 2 networks.

Topics

Posted 9/14/2023, 1:07:09 PM