Polygon publishes proposals to replace MATIC and enhance infrastructure
Polygon Labs has unveiled the first three proposals to introduce infrastructural changes and a new native token as part of the Polygon 2.0 roadmap. The first of these Polygon Improvement Proposals (PIPs), PIP-18, is dubbed “Phase 0”, and focuses on four milestones designed to require no action from developers and end users on Polygon proof-of-stake (POS) and zkEVM chains. Polygon Phase 0 Milestones | Source: Polygon Labs PIP-17, the second proposal , pushes for POL, a new token to replace MATIC, as Polygon’s native asset. If approved by the community, the upgrade would allow one-to-one migration from MATIC to POL. You might also like: Polygon to replace MATIC with POL token The third proposal , or PIP-19, seeks approval to upgrade the Polygon’s native gas token system. It calls for specific changes to the native MATIC Bridge Contract, effectively switching the native gas token on Polygon PoS from MATIC to POL while ensuring “maximum backwards compatibility” This ...