Polygon’s MATIC to POL Upgrade: Is a New Era of Blockchain Unfolding?

The post Polygon’s MATIC to POL Upgrade: Is a New Era of Blockchain Unfolding? appeared first on Coinpedia Fintech News

Polygon has successfully upgraded its network token from MATIC to POL, effective September 4, 2024. This community-driven upgrade transitions POL as the native gas and staking token for Polygon’s proof-of-stake network. MATIC holders on Ethereum can easily migrate to POL using the Polygon Portal interface. The upgrade aligns with Polygon’s vision of becoming a unified blockchain network, and POL is designed to be more productive, with potential future expansions based on community input.