-
Bitcoin $96,275.1501
-0.17% - Ethereum
$2,784.4832
3.42% - XRP
$2.5675
-0.61% - Tether USDt
$1.0004
0.04% - BNB
$668.1554
1.41% - Solana
$171.1152
-0.67% - USDC
$1.0000
-0.01% - Dogecoin
$0.2448
0.03% - Cardano
$0.7708
-0.20% - TRON
$0.2418
1.48% - Chainlink
$17.8730
1.92% - Avalanche
$25.6499
2.00% - Sui
$3.3755
-0.28% - Stellar
$0.3324
0.91% - Litecoin
$126.5524
-2.37% - Toncoin
$3.7578
3.78% - Shiba Inu
$0.0...01561
2.04% - UNUS SED LEO
$9.7205
-0.09% - Hedera
$0.2141
-0.82% - MANTRA
$8.6946
14.43% - Hyperliquid
$24.1726
-2.74% - Polkadot
$5.0574
-2.61% - Bitcoin Cash
$327.5921
2.75% - Bitget Token
$5.1476
2.96% - Ethena USDe
$0.9997
0.10% - Uniswap
$9.0727
2.94% - Dai
$1.0000
-0.02% - Monero
$234.8191
0.92% - NEAR Protocol
$3.4614
0.62% - Pepe
$0.0...09547
2.89%
When was the POL (ex-MATIC) coin issued?
Since its inception as a conceptualization in 2017, Polygon has evolved into the leading Layer-2 scaling solution for Ethereum with over 4.5 million active users and 1 billion daily transactions.
Dec 08, 2024 at 07:36 pm
Tracing the Evolution of Polygon (POL): A Comprehensive Timeline of Notable Milestones
1. Inception and Early Development (2017-2019)
- 2017: Conceptualization and development of the Polygon project by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.
- 2019: Launch of the Polygon Mainnet Beta, enabling developers to build and deploy Ethereum-compatible smart contracts on a faster, cheaper, and more scalable blockchain.
2. MATIC Token Launch and Network Expansion (2020-2021)
- April 2020: Public sale of the MATIC token, raising $4 million in funding to support the Polygon ecosystem.
- July 2020: Integration of Polygon with the Binance Smart Chain, allowing interoperability between the two blockchains.
- December 2020: Launch of Polygon's Proof-of-Stake consensus mechanism, enhancing network efficiency and decentralization.
3. Rename to POL and Strategic Partnerships (2022-Present)
- February 2022: Polygon rebrands from "MATIC Network" to "Polygon," reflecting its broader focus on blockchain solutions beyond its native token.
- March 2022: Partnership with Meta (formerly Facebook) to bring Ethereum and Web3 capabilities to Instagram and WhatsApp.
- May 2022: Integration with the Ethereum Virtual Machine, enabling seamless migration of Ethereum-based applications and smart contracts to Polygon.
4. Ecosystem Growth and Layer-2 Dominance (Ongoing)
- 2022-Present: Exponential expansion of the Polygon ecosystem with over 37,000 decentralized applications (dApps) deployed.
- 2022-Present: Establishment of Polygon as the leading Layer-2 scaling solution for Ethereum, with over 4.5 million active users and a transaction volume of over 1 billion daily.
5. Key Milestones and Future Outlook
- Polygon zkEVM Release (Late 2023): Launch of Polygon's Zero-Knowledge Ethereum Virtual Machine, providing enhanced privacy and scalability for smart contracts.
- Polygon Aver (2024): Integration of Polygon with the Ethereum Virtual Machine, enabling native ERC-20 token functionality and seamless integration with Ethereum-based decentralized applications.
- Polygon ID (Ongoing): Development of a self-sovereign identity solution that empowers users with control over their digital identities and data.
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