Prominent Ethereum scaling solution – Polygon – has unveiled a new proposal that seeks to switch the network’s MATIC token with POL. The transition is part of its recently released Polygon 2.0 roadmap.
According to the official announcement, a group of founders and researchers of the Polygon ecosystem has published a white paper proposing POL, a technical upgrade of the native asset of the network. Dubbed “the 3rd-generation protocol token,” the team behind the proposal said that POL is designed to become the major tool for the coordination and growth of the ecosystem.
With a freshly redesigned system architecture, POL seeks to introduce hyperproductive tokens while allowing its holders to become validators and receive rewards.
More importantly, POL will enable validators to validate as many chains as they want.
Another “game-changing improvement” incorporated in the proposal is that every chain can offer multiple roles (and corresponding rewards) to validators.
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