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Cryptocurrency News Articles

MATIC Transitions to POL | Key Points | Sept. 4, 2024

Sep 04, 2024 at 05:19 pm

Polygon has officially migrated its MATIC token to POL, marking a significant step in its development into a zero-knowledge (ZK) chain.

MATIC Transitions to POL | Key Points | Sept. 4, 2024

GM.

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Feature News: Polygon Transitions From MATIC to POL

Polygon has officially migrated its MATIC token to POL, marking a significant step in its development into a zero-knowledge (ZK) chain.

What’s the significance: The transition is part of Polygon’s plans for long-term growth, especially with POL playing an expanded role in staking, block production, and zero-knowledge proof generation.

The key numbers:

How the transition will work:

What’s next: Future developments may include expanded uses for POL in Data Availability Committees (DACs) and other roles as Polygon continues to scale its ZK technology.

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