Ethereum scaling resolution Polygon unveiled Version 2.0 of its protocol, whereby it aims to manufacture the “Price Layer of the Web.”

In a blog put up on Monday, Polygon Labs acknowledged that the protocol would allow anyone to accomplish, trade and program cost – considerable admire the Web enables setting up and exchanging recordsdata.

2/ Polygon 2.0 is an area of upgrades that radically reimagine virtually every facet of Polygon, from protocol architecture to tokenomics to governance.

It is a roadmap for how Polygon will become the Price Layer, offering unlimited scalability and unified liquidity via ZK tech.

— Polygon | Aggregated (@0xPolygon) June 12, 2023

Polygon 2.0 will feature as a definite tainted-chain coordination protocol via a community of Zero Knowledge-powered Layer 2 chains. Zero Knowledge or “ZK” proofs test transactions by relaying that it has no longer been altered by sharing a small half of recordsdata from that negate transaction.

“The community can toughen a practically unlimited need of chains and tainted-chain interactions can happen safely and straight away, with out further security or trust assumptions. Unlimited scalability and unified liquidity,” acknowledged Polygon Labs.

The rollout will open the week of June 19 with the introduction of Polygon Proof-of-Stake (PoS), followed by upgrades to the architecture and know-how stack the next week. Updates to Polygon’s native token will happen on the week of July 10 and governance changes will almost definitely be established in the week of July 17.

At its core, Polygon 2.0 will unify the protocols correct via zkEVMs, PoS and Supernets, no doubt making it truly feel admire the use of a single chain, outlined Polygon Labs President Ryan Wyatt.

“We imagine Polygon could almost definitely almost definitely be the transaction layer, and Ethereum could almost definitely almost definitely be the settlement layer of the rep. Unifying the protocols with our zk tech enables that to happen seamlessly,” acknowledged Wyatt on Twitter.