Polygon Unveils Phase 0 of Polygon 2.0 Upgrade to Make POL the Native Token

Polygon Labs announced Phase 0 of Polygon 2.0 upgrade with 3 Polygon Improvement Proposals
Proposals seek to convert MATIC token to POL, making POL the native gas and staking token
Polygon 2.0 aims to scale Ethereum and create the Value Layer of the Internet
Phase 0 focuses on MATIC to POL upgrade, making POL the gas and staking token, and launching Staking Layer
Implementation expected to start in Q4 2023 if community approves proposals

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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.

10/10/2023

Polygon Faces Headwinds as MATIC Price Struggles Despite Polygon 2.0 Launch

Polygon's native token (MATIC) experienced a rally followed by a decline due to resistance at $0.60, negative news regarding a co-founder's departure, and weak activity in its zero-knowledge rollup subnet, impacting its performance and creating stiff competition from other scaling solutions.