Will the launch of Polygon 2.0 push the price of $matic coin up? ?
Last year, Polygon was changing its economic model and called the new economic model "The Value Layer of the Internet."
As the L2 track becomes hotter, as the leader of the ZK series, Polygon is not to be outdone and actively participates in this L2 battle. Polygon’s ZK-rollups are a 2-layer scaling solution that reduces the overall data that network nodes need to send to the blockchain, verify, and store by aggregating multiple transactions into a single rollup using zero-knowledge proofs. For Polygon 2.0, realizing ZK-rollups is not only a technical upgrade, but also related to its future development and competition.
This is a powerful strategy that puts networks at the forefront of the Layer 2 scaling solution space. By leveraging ZK-rollups, Polygon 2.0 is able to achieve high levels of scalability and process thousands of transactions per second, significantly reducing transaction fees and confirmation times. This efficiency makes it an ideal platform for a variety of applications, especially those that require fast transaction settlement, such as decentralized exchanges, gaming platforms, and NFT markets. "
The Polygon Chain Development Kit (CDK) is a groundbreaking open source code base designed to launch zero-knowledge (ZK) powered layer-two (L2) chains on Ethereum. This initiative is an important part of Polygon 2.0 vision, which aims to create a seamless L2 interconnection network powered by ZK to scale Ethereum on demand. The Polygon 2.0 new economic model introduces the staking layer, an innovative heavy-staking mechanism originally pioneered by EigenLayer on Ethereum that allows validators to secure multiple chains with a single token.
Polygon’s approach minimizes the risk of huge fines from staking reconfigurations because it is designed to serve chains within the Polygon ecosystem.
$Pol tokens allow for one-to-one exchange migration from existing $MATIC tokens. Pol's initial supply is the same as Matic's 10 billion, with an annual issuance of 2% and divided between validator staking rewards and the community treasury. Matic has currently reached 96% of the circulation status, and has gone through a whole round of pulling, chip release and smashing, as well as a long-term decline process.
