Sandeep Nailwal, the founder of Polygon, announced a significant technical upgrade to the Polygon ecosystem with the introduction of the POL token. The announcement, made via Twitter, outlines how POL aims to revolutionize multi-chain staking and bring about a new era in token design.
POL: A Technical Marvel
According to Nailwal, “POL is a massive technical upgrade to MATIC. POL delivers the benefits of multi-chain staking without the added risks of restaking.” The token is part of the Polygon 2.0 proposal, which seeks to expand the Polygon ecosystem from a single chain to an interconnected network of Layer 2 solutions (L2s).
The Vision Behind POL
According to a recent blog post on Polygon’s official website, the POL token is engineered to serve as the “major tool for coordination and growth of the Polygon ecosystem, as well as the main driver behind the vision of the Value Layer for the Internet.” The token is designed to provide “practically unlimited opportunities” to its…