Binance recently placed a notice to remove the coin.

The currency will not be deleted, but there will be an update to the network and the name of the currency, and the new name will be POL.

What is Polygon 2.0 (POL)?

Polygon 2.0 is an upgrade to the Polygon network, introduced to maintain its competitive edge in the Ethereum layer 2 space. This upgrade includes a series of updates and transforms Polygon into a platform for value creation, programming, and transfer.

Key features include the use of Zero-Knowledge (ZK) L2 rollup technology for scalability, a new network architecture for interoperability, redefined tokenization for the MATIC token, and a more decentralized governance system.

The overarching goal is to create a scalable blockchain system to facilitate seamless interaction between applications and the blockchain.

The content below has been extracted and adapted for clarity from the Polygon blog.

Benefits for developers and users

Customizability:

Developers can design networks according to their requirements, choosing from different components such as clustering mode or verification mode, zKEVM, data availability solutions, and more.

Seamless ecosystem integration:

Chains using CDK integrate into an ever-expanding ecosystem of ZK-powered L2s, sharing access to the liquidity of public networks like Polygon PoS and Polygon zKeVM.

Future proof technology:

Chains built with CDK automatically benefit from Polygon's ongoing developments in ZK technology, ensuring it remains at the forefront of blockchain innovation.

Key benefits of POL:

Security, scalability and ecosystem support

POL brings many advantages to the Polygon ecosystem.

Enhances ecosystem security by incentivizing a decentralized pool of Proof-of-Stake (PoS) validators.

It supports infinite scalability, accommodating the massive growth of the ecosystem without compromising security. $POL also provides sustainable support to the ecosystem through an in-protocol mechanism, ensuring continued development and competitiveness.

Most importantly, it does all of this without causing friction for users or developers, maintaining an efficient user experience.