😱🚀 Polygon's POL Upgrade Live on Ethereum Mainnet, MATIC to $1?
After months of development and weeks of test network deployment, the POL upgrade is now live on the Ethereum mainnet. According to an update on October 25, Polygon Labs, the team behind the Ethereum side chain Polygon, said that the move was a turning point for the project. The team claims that the release of pol “paves the way for the next milestones on the Polygon 2.0 roadmap.""”
Polygon 2.0 Is Taking Shape: What's in Store?
Ethereum continues to create a side chain. Despite the difficulties in the work last month, when the platform's local currency matic fell below $ 1 before falling to spot levels, the team announced the launch of Polygon 2.0, which revived developer activities.
The main purpose of the upgrade is to make the network more scalable, secure and user-friendly. To achieve this, Polygon will take advantage of proof-of-stake liquidity (POSL), a new consensus mechanism that the developer claims is more efficient.
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In particular, the team is developing significant differences between this consensus system for Polygon 2.0.Dec.December. For example, verifiers need to share their local tokens and liquidity to join the network.
The liquidity provided by the participating validators will then be channeled to increase the liquidity of their decentralized exchanges (DEXs). Later, when Polygon 2.0 goes live, exchanges running on the side chain will be more liquid, which means that users will be able to easily exchange tokens in a low-fee, highly scalable environment.
Will MATIC Bulls Break $1?
However, it is unclear whether this update will support MATIC prices in the long term. The psychological level of $ 1 is still difficult at the moment.
