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By Philip Maina
5 hours agoSun Dec 10 2023 09:23:12
Reading Time: 2 minutes
- Polygon aims to completely usher in its next phase before the end of 2024
- The complete evolution will help the protocol measure how the coming together of multiple scaling networks can interact through zero-knowledge proofs
Ethereum scaling layer Polygon is set to transition to its next phase, Polygon 2.0, in 2024, according to co-founder Jordi Baylina. This evolution will test the interconnection of multiple layer 2 platforms to increase scalability and integration through zero-knowledge proofs or ZK-proofs. The platform’s new base token, POL, recently went live, showcasing Polygon’s commitment to becoming the value layer of the internet.
Speaking to Cointelegraph, Baylina highlighted that the platform plans to focus on interconnecting all scaling layers within the Polygon ecosystem, enabling the sharing of liquidity and composability. This interconnection will be a significant milestone for the protocol, paving the way for better scalability and integration of various platforms within the ecosystem.
Polygon has already started the process of upgrading the network with the release of improvement proposals three months ago. The platform has also welcomed the zero-knowledge Ethereum Virtual Machine (zkEVM) and released a chain development kit (CDK). Furthermore, the Polygon CDK has attracted other blockchain platforms like Celo, which is transitioning to become an Ethereum scaling layer powered by Polygon.
Despite some controversies and challenges, Baylina remains confident in the arrival of Polygon 2.0 in 2024, signifying an exciting period ahead for the protocol.