Polygon Labs, the crew in the support of the Layer 2 scaling community Polygon, has launched its new token contract on the Ethereum mainnet.

The POL token has been designed as a so-known as “hyperproductive token” that can energy an ecosystem of zero data-basically based totally (ZK) Layer 2 chains by capability of a native re-staking protocol. This restaking protocol will allow POL holders to validate extra than one chains and compose extra than one roles on every of these chains, in conjunction with sequencing and ZK prof know-how.

The upgrade would not swap something else for customers of Polygon’s Proof-of Stake or zkEVM networks for the time being, and all gift contracts will proceed to operate in the same formulation.

However, POL is section of a technical upgrade which would possibly perhaps well well at closing create it the native token of the Polygon community, changing the gift one MATIC which has been round since the community first launched in 2020.

The token will operate in a equivalent regard to productive tokens that allow their holders to grow to be validators on the community and receive rewards, nonetheless will rob things a step further with the ability for them to validate across extra than one chains.

The transition from MATIC to POL will require a easy technical upgrade, in step with the Polyogon Labs crew, which would possibly perhaps well well involve sending MATIC to an upgraded orderly contract that returns the equivalent quantity of POL.

“Practically speaking, POL is an upgrade and renaming of the MATIC token. From the protocol standpoint, MATIC and POL wouldn’t and would possibly perhaps well per chance now not coexist; POL can excellent change MATIC,” said the crew in a weblog post earlier this one year.

The upgrade is section of the community’s wider aim of bringing its Polygon 2.0 roadmap to life, which it envisions steadily is the “designate layer of the on-line.” The community would in actuality be a injurious-chain coordination protocol that unifies other protocols across zkEVMs, PoS and Supernets.