Polygon 2.0, launched in 2023, revolutionizes blockchain with scalable, zero-knowledge technology and the new Polygon Ecosystem Token (POL). More
| Fully Diluted Valuation | $1.97B |
|---|---|
| 24H Trading Volume | $103.87M |
| 24H Low / High | $0.18 / $ 0.19 |
| Circulating Supply | 10.52B |
| Total Supply | 10.52B |
| Max Supply | ∞ |
| Categories | Ethereum Ecosystem 3 more |
|---|---|
| Founder | Jaynti Kanani 3 more |
| Website | blog.polygon.technology 1 more |
| Socials | 11 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Polygonscan 3 more |
| Contracts |
0x455....fc3f6
1 more
|
| Name | Pair | OG Score |
|---|
Polygon 2.0: Revolutionizing Blockchain with the Polygon Ecosystem Token (POL)
In the dynamic landscape of blockchain technology, Polygon has made a groundbreaking stride with the launch of Polygon 2.0, a comprehensive upgrade introduced on October 25, 2023. This novel protocol amalgamates all existing Polygon protocols with advanced zero-knowledge (ZK) technology, establishing a 'Value Layer' that significantly enhances the Ethereum network's scalability and usability. Polygon 2.0 is characterized by its improved decentralization in community governance, a strategic token upgrade, and the development of a multi-layered network architecture, along with a robust ZK ecosystem. These innovations enable the network to support an unlimited number of chains, thus facilitating a seamless and efficient interaction within the Polygon ecosystem.
At the heart of this transformation is the Polygon Ecosystem Token (POL), a token designed to replace the existing MATIC token over a period of four years. As Polygon evolves into a zkEVM validium, POL emerges as a key player, bringing added functionalities such as restaking. This feature allows validators to restake their POL tokens, contributing to the security of other chains within the Polygon supernet and earning additional rewards. POL's integration signifies a significant step towards a full-suite scaling solution for Ethereum, marking a shift from the traditional Proof of Stake (PoS) chain to a ZK validium Layer 2 network. This transition not only enhances network participation and security but also aligns with Polygon's vision of powering a diverse ecosystem of interoperable, application-specific blockchains, paving the way for innovative DeFi and blockchain applications.
POL combines existing Polygon protocols with zero-knowledge technology, enhancing Ethereum's scalability and usability.
Polygon, which includes POL, was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic in 2017.
Mark Cuban invested in the broader Polygon network.
POL operates on a Proof of Stake (PoS) consensus mechanism.
You can buy POL (ex-MATIC) (POL) on Binance, MEXCGate.ioBybitBitget cryptocurrency exchanges.
Join
OGAudit
