Bitrabo Editorial
Polygon Labs, a renowned network, has recently introduced “Polygon 2.0,” a significant set of enhancements that aims to establish the crucial “Value Layer” of the internet, emphasizing the company’s international roots.
This landmark initiative by the company allows users to create value, exchange, and program. Polygon Labs recently tweeted that the non-US market holds unparalleled significance on a global scale, which is intriguing, given that the US government is adopting a less favorable approach towards cryptocurrencies.
The Securities and Exchange Commission (SEC) has specifically mentioned MATIC, Polygon’s native coin, in ongoing lawsuits involving major platforms, which raises questions about the implications for the network. As a result, Robinhood, a prominent trading platform, has decided to delist the token, effective from June 27.
Responding to the SEC’s recent actions, Polygon placed significant emphasis on its origins beyond the US borders. Additionally, the company highlighted the crucial technical role played by the MATIC token, particularly in staking, which ensures network security for Polygon’s Proof-of-Stake (PoS) layer-1 network.
Polygon Labs Advances With Polygon 2.0
Polygon Labs is tirelessly working on “Polygon 2.0,” a comprehensive suite of upgrades that aims to revolutionize nearly every facet of the network, emphasizing the company’s international roots. Described as a roadmap to establish the Value Layer, 2.0 envisions unparalleled scalability and unified liquidity through the integration of Zero-Knowledge (ZK) technology.
As Polygon Labs continues to drive innovation with 2.0 and its integration of ZK technology, it becomes evident that the company is positioning itself to capture global opportunities and establish the Value Layer on a worldwide scale. The potential for the network to thrive outside of the US is worth closely monitoring.
Featured image from iStock