Polygon Exec Unleashes Game-Changing Technical Upgrade — Is MATIC Blasting Past $1 Soon?
Polygon MATIC price could see bullish momentum on cues from optimistic fundamentals amid a groundbreaking announcement by the project’s co-founder, Sandeep Nailwal. Nailwal issued an update regarding the network’s upgraded token, POL, on August 28.
After months of anticipation that followed the Polygon 2.0 tokenomics model announcement in July 2023, can the latest update boost investor confidence and push the price of MATIC higher in the coming days?
POL: A “Massive Technical Upgrade To MATIC”
The team behind Polygon proposed a token upgrade that would replace the network’s MATIC token with POL to let POL function as a single token for all Polygon-based networks.
In terms of functionality, POL will allow holders also to become validators within the network, letting them validate any number of chains that Polygon is apparently spinning up every day.
As per Polygon founder Sandeep Naiwal, POL is a “massive technical upgrade” to the MATIC token. It will give users the benefits of multi-chain staking without the added risks of restaking. “With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s that can easily interoperate and share liquidity with each other,” said Nailwal.
Read More: https://zycrypto.com/polygon-exec-unleashes-game-changing-technical-upgrade-is-matic-blasting-past-1-soon/
Polygon MATIC price could see bullish momentum on cues from optimistic fundamentals amid a groundbreaking announcement by the project’s co-founder, Sandeep Nailwal. Nailwal issued an update regarding the network’s upgraded token, POL, on August 28.
After months of anticipation that followed the Polygon 2.0 tokenomics model announcement in July 2023, can the latest update boost investor confidence and push the price of MATIC higher in the coming days?
POL: A “Massive Technical Upgrade To MATIC”
The team behind Polygon proposed a token upgrade that would replace the network’s MATIC token with POL to let POL function as a single token for all Polygon-based networks.
In terms of functionality, POL will allow holders also to become validators within the network, letting them validate any number of chains that Polygon is apparently spinning up every day.
As per Polygon founder Sandeep Naiwal, POL is a “massive technical upgrade” to the MATIC token. It will give users the benefits of multi-chain staking without the added risks of restaking. “With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s that can easily interoperate and share liquidity with each other,” said Nailwal.
Read More: https://zycrypto.com/polygon-exec-unleashes-game-changing-technical-upgrade-is-matic-blasting-past-1-soon/
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