According to Coincu, Polygon has successfully completed a network rehash and resync for its zkEVM Mainnet Beta, marking an important milestone for the proposed Polygon 2.0 upgrade. This upgrade aims to revolutionize the Polygon ecosystem by creating a network of interconnected zero knowledge-powered L2 chains that can scale Ethereum to the size of the Internet. Three Polygon Improvement Proposals (PIPs) have been released, detailing the specific changes that will take place in early Q4 of this year.
One key aspect of Polygon 2.0 is the upgrade from the MATIC token to the new POL token. POL will serve as the native (gas) token and staking token for Polygon PoS, enabling staking, community ownership, and governance within the ecosystem. The POL token will have an initial supply of 10 billion and a yearly emission of 2%, distributed between validator staking rewards and a community treasury. A proposal has also been made to update the native gas token on Polygon PoS from MATIC to POL, ensuring maximum backwards compatibility and changing the native token on Polygon PoS from a claim on the MATIC Bridge to a claim on the POL Bridge.
