{"id":84528,"date":"2023-09-14T17:51:49","date_gmt":"2023-09-14T14:51:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84528"},"modified":"2025-09-12T17:55:24","modified_gmt":"2025-09-12T14:55:24","slug":"polygon-proposes-replacing-matic-with-pol","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polygon-proposes-replacing-matic-with-pol\/","title":{"rendered":"Polygon proposes replacing MATIC with POL"},"content":{"rendered":"

The Polygon project team proposed<\/a> changes for the upcoming major update aimed at creating a comprehensive ecosystem of interconnected L2<\/a>-networks and launching a new POL coin instead of utility-token<\/a> MATIC.<\/p>\n

The developers presented three PIP<\/span>. They describe the technical details of Phase 0 of the transition to Polygon 2.0.<\/p>\n

\\\"6502c1f848bb8b5e8afb1630_Roadmap-Banner-6\\\"
Roadmap for Polygon 2.0. Data: Polygon.<\/figcaption><\/figure>\n

PIP-17 envisions launching POL with a Proof-of-Stake<\/a> consensus mechanism.<\/p>\n

\n

\u00abPOL is a next-generation token capable of hosting an ecosystem of second-layer networks based on zero-knowledge proofs<\/a>, enabling staking<\/a>, ownership and governance by the community\u00bb, according to a Polygon statement.<\/p>\n<\/blockquote>\n

PIP-18 includes the technical description of POL, as well as the associated contracts that will handle issuance and migration. MATIC can be converted 1:1 into the new coin.<\/p>\n

The initial supply will be 10 billion, increasing by 2% per year.<\/p>\n

The final PIP-19 envisions using POL as a ‘gas’ token, while ensuring maximum backward compatibility.<\/p>\n

According to the developers, staking in the protocol will be implemented on a separate layer.<\/p>\n

Voting on the initiative is planned for the end of Q4 2023.<\/p>\n

The idea of launching a new coin in Polygon was first proposed in mid-July. The main goal of the upgrade is to ensure the ecosystem’s scalability without compromising security.<\/p>\n

Earlier in June, Polygon Labs revealed the proposed Polygon 2.0 architecture<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Polygon project team proposed changes for the upcoming major update, aimed at creating a comprehensive ecosystem of interconnected L2 networks and launching a new POL coin instead of the utility token MATIC.<\/p>\n","protected":false},"author":1,"featured_media":84529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1264,1134],"class_list":["post-84528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-polygon-matic","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=84528"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84528\/revisions"}],"predecessor-version":[{"id":84530,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84528\/revisions\/84530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/84529"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=84528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=84528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=84528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}