#Polygon : the #MATIC token towards renaming to #POL The Polygon network has proposed a technical update to rename the native MATIC token to POL, as part of the roadmap towards version 2.0 of the Polygon network, the popular side-chain of Ethereum, as well as one of the its main scaling solutions, proposed to the community a technical update to rename the native MATIC token to POL.

The step is one of many on the path that will bring the chain to its 2.0 version, and would consist of the conversion of the MATIC token into Polygon (POL), to make the future possibility of staking the asset on multiple platforms more organic, secure and intuitive. ecosystem chain.

The main objective of the update, moreover, is to guarantee the scalability of the ecosystem without compromising its security.

The POL token, specifically, will work on all Polygon protocols, including Proof of Stake (PoS), #zkEVM and Supernet. And consequently allowing Polygon validators to protect transactions across different chains. Operationally, however, the update should have "simple" implications with respect to users, who would be required to send their MATICs to a specific smart contract and then have them returned in a equivalent measure of POL

The new life of Polygon

With respect to the timing of the update, Polygon has proposed a "grace period" of at least four years, to allow holders to complete the process without any rush or imposition, and allowing the community to adapt to the new token The community itself will now have to approve the update. And the vote, therefore, will determine the future steps of #chain , with the migration to POL which could begin within a few months, but with a pace determined step by step by the consensus of the community itself.$MATIC