Polygon sets its sights on the Value Layer with polygon 2.0 and ZK technology
Polygon labs reveals 'Polygon 2.0' upgrades, aiming to revolutionise the internet with the Value Layer and empower users with greater control
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Polygon Labs, a blockchain technology company, has announced "Polygon 2.0," a comprehensive set of upgrades to create the "Value Layer" of the internet. The company envisions a transformative ecosystem where users can generate, exchange, and program value effortlessly.
The announcement, shared on Twitter, reveals that Polygon 2.0 will revolutionise various aspects, including protocol architecture, tokenomics, and governance. It is a roadmap for Polygon's transformation into the Value Layer, leveraging zero-knowledge (ZK) technology to achieve unlimited scalability and unified liquidity.
The underlying concept of Polygon 2.0 revolves around establishing a network of interconnected chains powered by ZK technology. This cryptographic technique enables one party, known as the prover, to prove the validity of a statement to another party, the verifier, without disclosing additional information.
Polygon Labs highlights that this network will support an extensive number of chains, facilitating secure and instant cross-chain interactions without the need for additional security or trust assumptions. The result is limitless scalability and unified liquidity for the ecosystem.
At its core, Polygon 2.0 aims to unify protocols and provide a seamless user experience across zk-Ethereum Virtual Machine tech, proof-of-stake, and supernets. Polygon Labs President Ryan Wyatt emphasised this aspect on Twitter, noting that the technology will make it feel like users are operating on a single chain. Furthermore, Wyatt highlighted "Token evolution" and "long-term decentralised governance" as key highlights of Polygon 2.0.
