In a recent blog post, the Polygon (MATIC) altcoin team announced the launch of Polygon 2.0, a major upgrade aimed at creating the "Value Layer of the Internet."
The Value Layer is characterized as the underlying protocol that allows anyone to create, exchange and program value without intermediaries, just as the internet allows anyone to create and exchange information.
According to the developers' blog post, Polygon 2.0 aims to offer unlimited scalability and unified liquidity for the MATIC network by leveraging the latest Zero-Knowledge (ZK) technology. It will also introduce a new tokenomics model and a more decentralized management system for the protocol and treasury.
According to Polygon, the internet as we know it is infinitely scalable and unified, but separate blockchains are not. They have strict yield limits and fragmented liquidity. According to the developers, Polygon 2.0 will solve these challenges by creating a network of ZK-powered L2 chains that can support practically unlimited transactions and cross-chain interactions, making the entire network feel like a single chain for users.
According to the blog post, Polygon 2.0 is the result of over a year of collaboration between Polygon Labs, developers, researchers, applications, node operators, validators, and the general Polygon and Ethereum communities.
Details of Polygon 2.0 will be revealed in the coming weeks through a series of blog posts, community meetings, Q&A and more.
*Not investment advice.
