Cryptocurrency Knowledge

What is POL?

Get to know POL

Table of Contents

What is Polygon Ecosystem Token (POL)?

POL (Polygon Ecosystem Token) is designed to replace the MATIC token, which is part of Polygon 2.0.
where Polygon will evolve into a Polygon zkeVM validium
There are application-specific blockchains that can work together
MATIC's move to POL involves a direct migration process designed to facilitate.
To the user to switch to a new token. This migration will unlock new functions related to POL.
Such as expanded betting options and improved regulatory capabilities.
In summary, the Polygon Ecosystem Token (POL) represents a major breakthrough for the Polygon network.
This is aimed at increasing usability, scalability, safety and community governance.
With POL replacing MATIC, it is poised to play a key role in shaping the future of decentralized applications on Polygon.

Blockchain nativo:

POL serves as the primary gas token for transactions on the Polygon Proof-of-Stake (PoS) network.
Users must pay transaction fees as POL, which incentivizes auditors to secure and process transactions.
POL allows auditors to participate in MutLTI-chain security within the Polygon ecosystem
Multi-chain monitoring capability greatly enhances scalability
And it allows more resources to be used across the network.

Protokola Konsensus:

Polygon uses a mixed consensus system between PoS and Plasma Framework
This combination enables the network to have a level of security in the manner of the Ethereum mainnet.
Along with being able to confirm transactions more quickly through working on different sidechains.

Trilemma (Security, Speed, Scalability):

Seguridad: MATIC uses the Ethereum network for checkpoint (s) data validation
Ensures safety at a standard level

snelheid: Proof-of-Stake systems that work across different sidechains have fast block creation times
e lo trasferimento più velocità

Scalabilità: The result of using various aids on Layer 2 blockchains and sidechains
Enables Polygon to solve scalability issues arising on Ethereum at an efficient level
And can do more transactions per second than ETH.

Founder/Date Founded:

Matic Network (formerly the name) was founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun in 2017.

Objective/Use Case:

Polygon's main goal is to get past the scaling issues that are happening on Ethereum.
By being a tool, developers can use it to create high-performance DApp (s) in the future.
And for its part, the MATIC token is used to pay for transactions and participate in its own Proof-of-Stake.

Total supply/Limit or Unlimited:

MATIC TOKENS HAVE A TOTAL OF 1 THOUSAND MILLION TOKENS (10,000,000,000)

Supply Deflation:

Polygon does not have a process to burn coins or regulate the amount of coins systematically.
But with a fixed limit, with usage in transaction payment and staking.
It also helps with the adjustment of the value of the token.

This article aims to provide beginners with a basic understanding of MATIC and its role within the Polygon ecosystem.
The structure of digital assets is changing rapidly, and it is always important to keep up with new developments.

Source:

https://www.coingecko.com/learn/pol-polygon-ecosystem-token-polygon-2-0

Polygon whitepaper

Polygon Blog

Polygon.technologie

coinmarketcap/polygon

https://polygon.technology/pol-token

Download the Maxbit application at

appstoregoogleplay

Securely register with a digital asset trading platform regulated by Thailand’s SEC.

Sign up
starstar