Polygon 2.0 Released As the Value Layer of the Internet, MATIC Price Up 2.5%

Ethereum’s Layer-2 scalability platform Polygon recently faced major headwinds as the SEC named its native cryptocurrency MATIC, a security. But looking past that, the Polygon team has recently unveiled Polygon 2.0 to build the Value Layer of the Internet.

Thus, Polygon 2.0 will serve as a fundamental layer to create, exchange, as well as program value. The team claims that Polygon 2.0 will help democratize the global economy just as the internet helped in democratizing information access.

Polygon 2.0 brings decentralized finance, digital ownership, and innovative coordination methods to the forefront. It fills the gap in creating an Internet that prioritizes users rather than gatekeepers, rent-seekers, or intermediaries.

The new and upgraded Polygon version will serve as the blueprint for building the Value Layer. It features a set of proposed upgrades bringing a major shift in the protocol’s architecture, tokenomics, and governance.

The team shall reveal more details regarding Polygon 2.0 in the coming weeks. They will detail the future of the Polygon PoS chain, as well as the utility and the evolution of the MATIC token.

Also, the upgraded Polygon network will transition to greater community governance of the protocol and treasury. The team shall unveil a roadmap of how Polygon 2.0 will become the Value Layer of the internet while offering unified liquidity using ZK technology and unlimited scalability.

After facing a heavy correction last week, the MATIC price is finally up by 2.5% in the last 24 hours. Still, it is 22 negative on the weekly chart.

More About Polygon 2.0 – The Value Layer of the Internet

The Ethereum blockchain network was the first to demonstrate the concept of a value layer by allowing users to create, exchange, as well as program value in a secure and seamless way. As said, Polygon 2.0 will adopt the concepts of infinite scalability and unification from the internet.

Polygon 2.0 is a special network made up of different chains that work together. It’s a network of ZK-powered Layer-2 chains to make it seem like there’s only one chain for users. Thus, it can handle several chains at once such that they can interact with each other quickly and easily.

Polygon 2.0 doesn’t need extra security or trust because everything is already built in. This means the network can handle a lot of things at the same time and keep everything working smoothly.

The Polygon team hasn’t yet unveiled the specific timeline for the release of the newly upgraded network.