Polygon Labs developers are working on a new version of the network focused on democratising access to the global economy through the Internet.
Polygon Network, one of the leading Ethereum scalability solutions, will be upgraded to a new version designed for Building the Internet Value Layer and allow people to create, exchange and program value securely and without intermediaries.
Through the new version of the protocol, Polygon 2.0, its developers will expand the functions and capabilities of the blockchain, further optimizing it for the development of decentralized finance (DeFi) and digital property.
Democratising access to the global economy
The new Polygon Network update represents a step forward in the democratization of access to the global economy, through a more scalable, unified and secure Internet.
Sandeep Nailwal, one of the co-founders of Polygon Labs, highlighted that the new network will offer an unprecedented level of unlimited scalability, along with unified liquidity, to build on the value layer concept that Ethereum introduced with its development.
Polygon 2.0 is designed to unlock and popularize access to value and the global economy just as the Internet as we know it democratized access to information. The new version of the scaling protocol will revamp the entire infrastructure of the Polygon Network blockchain, including governance, tokenomics, and architecture.
What is Polygon 2.0?
Polygon 2.0 is “a set of proposed updates that radically reimagine nearly every aspect of Polygon,” its developers explained in a publication.
The new version Take advantage of Zero Knowledge (ZK) technology to scale the blockchain and facilitate more secure and instant interactions in the blockchain ecosystem.
“It is the missing piece of an Internet that serves users, not gatekeepers, rent-seekers or middlemen.”
As part of their new vision of building the Internet's value layer through the blockchain, Polygon developers have set out to Create a Layer 2 blockchain network powered by ZK technology that allows for infinite scaling without fragmenting liquidity and without putting security or capital efficiency at risk. Without a doubt, this is one of the most ambitious goals that this blockchain ecosystem has set itself to achieve, which pursues similar goals to other ecosystems such as Polkadot, also focused on building the next generation of the Internet, Web3, and unlocking new opportunities through an ecosystem of interconnected chains.
In the coming weeks, Polygon Labs developers will present a roadmap with the main components that will lead to Polygon 2.0 and, with it, the new Internet of Value.
Continue reading: Polygon Network and De.Fi join forces to strengthen security on Web3
