Polygon deploys the POL token on the Goerli testnet
NewsIn its “Polygon 2.0” advancement roadmap, the Polygon ecosystem has just implemented a clever contract for the POL token on the Goerli testnet. Polygon deploys...
In its “Polygon 2.0” advancement roadmap, the Polygon ecosystem has just implemented a clever contract for the POL token on the Goerli testnet.
Polygon deploys the POL token on the Goerli testnet
Previously, the Polygon local community had a proposal to exchange the latest MATIC token, with a new token format, POL. However, immediately after local community suggestions, Polygon connected two additional proposals, PIP-24 and PIP-25.
Today, following local community consultations, POL contracts will be published on the Goerli testnet.
An essential stage in direction of the creation of Polygon two..
Based on local community suggestions throughout the PIP governance course of action, PIP-24: EIP-1559 Policy Change and PIP-25: POL Total Offer Change,… pic.twitter.com/li8OF0o3jC
— Polygon Devs 📍 DevX Global Tour (@0xPolygonDevs) October 4, 2023
Specifically, the PIP-24 proposal focuses on modifying the EIP-1559 burn up price mechanism. Meanwhile, PIP-25 will target on shifting the complete provide mechanism of POL tokens.
In the coming weeks the network will go over the governance model of the Ecosystem Council. In July 2023, three essential pillars of this governance model have been also formulated to be communicated to the local community.
With the evidence-of-idea implementation of clever contracts for POL tokens on the Goerli testnet, this Layer-two ecosystem has taken one more stage forward in its Polygon two. roadmap.
Previously, Polygon Labs also launched a Supernet advancement toolkit for tasks named Polygon CDK. This remedy will aggregate liquidity and ZK validation mechanisms in unison to deliver better connectivity to tasks making use of the toolkit.
After starting up Polygon in 2017, about six months in the past, I made a decision to get a stage back from the everyday grind.
I am additional assured in Polygon’s brilliant potential and passionate local community. I will target on new adventures when continuing to cheer and contribute to Polygon from…
— Jaynti Kanani (JD) (@jdkanani) October 4, 2023
In addition to a quantity of item adjustments, Polygon also noticed the departure of Layer-two Polygon co-founder (Mr. Jaynti Kanani). This choice was planned by Mr. Jaynti six months in the past with the key motive of “finding new trips”.
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