Ethereum Scaling Solution Polygon (MATIC) Reveals Version 2.0 Blueprint
Ethereum scaling solution Polygon (MATIC) is set to reveal the blueprint for its highly-anticipated 2.0 version in the upcoming weeks. The protocol aims to address critical topics, including the future of the Polygon PoS chain, the utility and evolution of the Polygon token, and the transition to greater community governance of the protocol and treasury. This exciting development was shared in a recent blog post on Monday.
The Polygon 2.0 vision aspires to establish “the value layer of the internet.” By doing so, it aims to unlock a host of possibilities, including decentralized finance, digital ownership, and innovative means for coordination and interaction.
Polygon 2.0: A Network of Zero-Knowledge (ZK) Layer 2 Chains
Polygon 2.0 will be a network consisting of zero-knowledge (ZK) layer 2 chains that can communicate seamlessly among themselves. On the user end, this network will provide a unified experience similar to interacting with a single blockchain.
It’s worth noting that the current Polygon zkEVM Beta, which was publicly released in March, is the sole chain that incorporates ZK technology from Polygon. ZK technology is a groundbreaking scaling solution that leverages zero-knowledge proofs to enhance blockchain scalability and reduce transaction fees.
However, Polygon’s main chain, the Polygon PoS chain, is currently not ZK-compatible. In a previous interview with CoinDesk, Polygon expressed interest in exploring the integration of ZK technology into its main chain to further enhance scalability and user experience.
Upcoming Announcements
The eagerly awaited announcement concerning how Polygon plans to address its Polygon PoS chain is scheduled for next week. Subsequently, over the next four weeks, Polygon will make a series of announcements focusing on various aspects, including:
- Blockchain Architecture
- Token Enhancements
- Community Governance
