Polygon, MATIC and POL coins: Building an Ethereum Internet ecosystem. In-depth analysis of Polygon: Ethereum’s “highway”. From MATIC to POL: Token Upgrade and Evolution. Polygon 2's vision: Create a multi-chain interconnection "Ethereum Internet"
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We will give a detailed look at the core capabilities of MATIC and its role in the Polygon 1 era, as well as how the newly launched POL coins can support the grand vision of Polygon 2. In addition, the video will also discuss the token upgrade process, the expansion of POL coins's functional expansion and the enhancement of governance rights. Ready to explore the future of Polygon with us? Polygon, MATIC and POL coins: Building an Ethereum Internet ecosystem In-depth analysis of Polygon: Ethereum’s “highway” From MATIC to POL: Token upgrade and evolution Polygon 2’s vision: Building a multi-chain interconnected “Ethereum Internet” Core functions of MATIC: How to pay transaction fees on Polygon Introduction to POL coins: The new engine of the Polygon ecosystem decentralized lending and DApps: Polygon’s developer-friendly environment Future Polygon: How POL improves network security and governance How to buy POL coins: Trading platform recommendations and operation steps Polygon, MATIC and POL’s relationship summary: The intersection of the past and the future Polygon, MATIC and POL Detailed explanation of currency: Building the Ethereum Internet ecosystem Polygon, formerly known as Matic Network, is a revolutionary platform. Its goal is to improve the scalability and user experience of the Ethereum blockchain. You can understand Polygon as an "highway" or "overpass" of Ethereum, aiming to solve the long-standing congestion and high transaction fees on the Ethereum main network, and ultimately build a huge multi-chain interconnection ecosystem. The core role of Polygon: Ethereum’s “highway” to solve Ethereum’s pain points: As one of the most popular blockchain platforms, Ethereum is facing serious congestion problems with applications and transaction volumes, resulting in slow transaction speed and high Gas fees (transaction fees), which seriously affects user experience and popularization of applications. Polygon emerged to address these pain points. Layer-2 expansion and sidechain solutions: Polygon adopts a variety of Layer-2 expansion technologies and sidechain architectures to significantly improve transaction processing capabilities and reduce transaction costs without sacrificing Ethereum security. It is like building multiple highways next to the Ethereum main road, dividing the traffic pressure of the main network. Building a multi-chain interconnection ecosystem: Polygon's long-term goal is to transcend a single expansion solution and transform Ethereum into an ecosystem interconnected by multiple blockchain networks, similar to platforms such as Polkadot, Cosmos and Avalanche. This ecosystem is called Polygon 2 and aims to become the "Ethereum Internet". Developer-friendly: Polygon provides an easy-to-use software development kit (SDK), which lowers the barriers for developers to build and deploy decentralized applications (DApps) on Polygon, attracting a large number of developers to join its ecosystem. MATIC: "Fuel" of the Polygon 1 era First generation native token: MATIC was the original native cryptocurrency of the Polygon platform and played a key role in the early development of Polygon. Core features: Pay transaction fees: When users conduct transactions on the Polygon network or use DApps, they need to use MATIC to pay transaction fees (Gas fees). Positioning (PoS): MATIC holders can pledge tokens to the Polygon network and participate in the network's proof-of-stake consensus mechanism to help verify transactions, maintain network security, and receive MATIC rewards. Early governance: MATIC also assumes certain governance functions in the early stages, and holders can participate in community proposal voting, etc. POL: Polygon 2's "engine" New generation of native tokens: POL coins are a new generation of native tokens launched to support Polygon 2's greater vision. It aims to gradually replace MATIC and become the core of the future of the Polygon ecosystem. Functional upgrades and extensions: The POL coin is designed to surpass MATIC in functionality, with a wider range of application scenarios and stronger capabilities to support the development of Polygon 2: Protecting a wider network: MATIC is mainly used to protect Polygon PoS chains, while POL's goal is to protect a wider range of multiple chains in the entire Polygon 2 ecosystem, including various Layer-2 networks and interconnected chains. More flexible staking mechanism: POL will introduce more advanced and flexible staking mechanisms, allowing verifiers to participate more efficiently in the verification work of multiple chains, improving network security and efficiency. Stronger governance rights: POL holders will have broader and in-depth governance rights and be able to participate in more important decisions in the Polygon 2 ecosystem, such as network upgrades, protocol parameter adjustments, fund allocation, and more. Economic Model Optimization: POL's economic model has also been redesigned and optimized to better motivate network participants, attract more users, developers and validators to join the Polygon 2 ecosystem, and promote its long-term sustainable development. The upgrade and evolution of MATIC to POL The core of Polygon 2 is to build a multi-chain interconnected "Ethereum Internet", and POL coins are the key component supporting this grand vision. The Polygon community has proposed a proposal to upgrade MATIC to POL, and plans to gradually replace MATIC with POL through token upgrades. Summary of the relationship between Polygon, MATIC and POL coins: MATIC is the past, POL is the future: MATIC represents the achievements of the Polygon 1 era, while POL represents the future direction of Polygon 2. Step-by-step upgrade and replacement: The MATIC to POL is an ongoing process, and the ultimate goal is to completely replace MATIC with POL. For a larger ecological vision: The fundamental purpose of token upgrades is to better support the development of Polygon 2 and build a stronger and more prosperous Ethereum Internet ecosystem. How to obtain POL coins: Centralized trading platform: Users can purchase POL coins through the cryptocurrency trading platform linked in the description column below the video. #Cryptocurrency#Digital Currency#Virtual Currency#Forex#Correspondence#Digital Assets#Investment and Finance
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