Polygon Labs, the team behind the popular Ethereum scaling solution Polygon, has announced a set of ambitious upgrades that aim to establish the “Value Layer” of the internet. According to the Polygon 2.0 vision, the Value Layer will allow anyone to create, exchange, and program value on the internet, using blockchain technology and zero-knowledge proofs.
What is Polygon 2.0?
Polygon 2.0 is a network of interconnected chains powered by Zero-Knowledge (ZK) technology, a cryptographic technique that allows one party to prove the validity of a statement to another party without reßvealing any additional information beyond the statement’s validity. This enables unlimited scalability and unified liquidity across the network, as well as enhanced privacy and security.
What are the benefits of Polygon 2.0?
Polygon 2.0 will also unify the protocols that run on Polygon, such as zkEVM, Proof of Stake, and Supernets, and introduce token evolution and long-term decentralized governance, giving more power and incentives to the community.
Upcoming Roadmap & Announcement Dates
Polygon Labs will reveal more details on Polygon 2.0 in the coming weeks, starting with the following announcements:
- June 19: Polygon PoS chain goes ZK.
- June 26: Polygon protocols become one .
- July 10: Polygon token gets a makeover .
- July 17: Future of governance on polygon
Why the Value Layer is important for crypto?
The announcement has generated a lot of excitement and curiosity among the crypto community, as Polygon handles on Twitter have been flooding the platform purple about the upcoming news. Polygon 2.0 is expected to bring more innovation and adoption to the Ethereum ecosystem and beyond, as Polygon Labs aims to build the Value Layer of the internet.