- Polygon Labs announced the POL token upgrade which is now live on ETH mainnet.
- Developer relations engineer Jarrod Watts explained POL and MATIC can’t co-exist.
- Watts said users don’t need to take any action at the moment beyond providing feedback.
On Wednesday, Polygon Labs announced in a post on X that the POL token upgrade is now live on Ethereum mainnet. The Labs stressed that Polygon 2.0 “is a roadmap for scaling Ethereum” in constructing the Value Layer of the Internet. Therefore the new token POL will replace MATIC in an upgrade as they “can not co-exist.”
The POL token upgrade is now live on Ethereum mainnet.Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value Layer of the Internet. POL unlocks that future.
POL is a next-generation token that can power a vast ecosystem of ZK-based L2 chains.… pic.twitter.com/gmrsu0ZqLz
— Polygon (Labs) (@0xPolygonLabs) October 25, 2023
According to Polygon Labs, POL represents an advanced token capable of fueling an extensive network of Zero-Knowledge-based Layer 2 chains. This is achieved through an inherent re-staking protocol, enabling POL holders to validate multip…
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