BTC

$96778.265

-0.72%

ETH

$3359.339

-1.33%

XRP

$2.259

-0.14%

BNB

$664.26

-0.45%

News

Polygon zkEVM Mainnet Successfully Completes Network Rehash And L2 Resync

September 18, 2023 - Around 2 mins mins to read

Key Points:

  • Polygon zkEVM Mainnet Beta completes successful network rehash and resync, marking a milestone for Polygon 2.0.
  • Polygon 2.0 aims to scale Ethereum with interconnected zero knowledge-powered L2 chains.
Polygon zkEVM Mainnet Beta rehashing and bridge L2 resync has completed successfully and the system has resumed full activities.
Polygon zkEVM Mainnet Successfully Completes Network Rehash And L2 Resync

Polygon has successfully completed a network rehash and resync. The Polygon zkEVM Mainnet Beta has resumed full activities after the successful completion of these processes. This marks an important milestone for Polygon 2.0, a proposed upgrade set to revolutionize the Polygon ecosystem.

Polygon 2.0 aims to create a network of interconnected zero knowledge-powered L2 chains that can scale Ethereum to the size of the Internet. To achieve this, three Polygon Improvement Proposals (PIPs) have been released, detailing the specific changes that will take place in early Q4 of this year.

One of the key aspects of Polygon 2.0 is the upgrade from the MATIC token to the new POL token. POL will serve as the native (gas) token and staking token for Polygon PoS. It will enable staking, community ownership, and governance within the ecosystem. The POL token will have an initial supply of 10 billion and a yearly emission of 2%, distributed between validator staking rewards and a community treasury.

Additionally, a proposal has been made to update the native gas token on Polygon PoS from MATIC to POL. This upgrade will ensure maximum backwards compatibility, with the native token on Polygon PoS changing from a claim on the MATIC Bridge to a claim on the POL Bridge.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

.polygon

Polygon

Polygon 2.0

Polygon blockchain

Polygon Bridge

Polygon DAO

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Polygon zkEVM Mainnet Successfully Completes Network Rehash And L2 Resync

Key Points:

  • Polygon zkEVM Mainnet Beta completes successful network rehash and resync, marking a milestone for Polygon 2.0.
  • Polygon 2.0 aims to scale Ethereum with interconnected zero knowledge-powered L2 chains.
Polygon zkEVM Mainnet Beta rehashing and bridge L2 resync has completed successfully and the system has resumed full activities.
Polygon zkEVM Mainnet Successfully Completes Network Rehash And L2 Resync

Polygon has successfully completed a network rehash and resync. The Polygon zkEVM Mainnet Beta has resumed full activities after the successful completion of these processes. This marks an important milestone for Polygon 2.0, a proposed upgrade set to revolutionize the Polygon ecosystem.

Polygon 2.0 aims to create a network of interconnected zero knowledge-powered L2 chains that can scale Ethereum to the size of the Internet. To achieve this, three Polygon Improvement Proposals (PIPs) have been released, detailing the specific changes that will take place in early Q4 of this year.

One of the key aspects of Polygon 2.0 is the upgrade from the MATIC token to the new POL token. POL will serve as the native (gas) token and staking token for Polygon PoS. It will enable staking, community ownership, and governance within the ecosystem. The POL token will have an initial supply of 10 billion and a yearly emission of 2%, distributed between validator staking rewards and a community treasury.

Additionally, a proposal has been made to update the native gas token on Polygon PoS from MATIC to POL. This upgrade will ensure maximum backwards compatibility, with the native token on Polygon PoS changing from a claim on the MATIC Bridge to a claim on the POL Bridge.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.