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Polygon's MATIC Proposal Moves The Price!
An upgrade is proposed, which envisages the change of MATIC, the native token of the Polygon network, to POL.
A new upgrade has been proposed for the popular altcoin Polygon, which ranks 12th by market cap.
A group of Polygon founders and researchers have proposed an upgrade that envisions the replacement of MATIC, the native token of the Polygon network, to POL.
If this upgrade is approved, the Polygn network's token, MATIC, will change to POL and POL will become a multipurpose token that can be used to authenticate multiple Polygon-based networks.
If this proposal is approved, network validators will also be able to support the operation of multiple chains using a single token (POL).
It was stated that upgrading MATIC to POL would be simple. Users with MATIC tokens need to send their MATIC to a specific smart contract that will convert an equivalent number of POL tokens.
This upgrade is expected to be completed in four years or more, indicating that users will have ample time to convert their MATIC to POL.
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