In a latest Twitter thread, Sandeep Nailwal, the founding father of Polygon, unveiled the potential of POL. POL is a brand new improve designed to energy Polygon 2.0. This innovation goals to redefine the panorama of Layer 2 (L2) options, providing a multi-dimensional strategy to staking and community safety.
According to Nailwal, POL will facilitate multi-chain staking with out the inherent dangers related to re-staking. Furthermore, with the creation of Polygon 2.0, the ecosystem will remodel from a single chain right into a community of interoperable L2 options.
Nailwal says POL is an innovation in re-staking
With the POL, Polygon’s Proof of Stake (PoS) will itself turn out to be an L2 inside the broader community. Validators will now not stick with a singular function. Additionally, they will safe the hub, run provers to generate cryptographic proofs, and batch transactions as sequencers. This new function necessitates a brand new token design, and POL expects to satisfy these multifaceted necessities, in line with Nailwal.
POL introduces the idea of “enshrined res-taking.” This permits customers to re-stake the token throughout a number of chains inside the community. This eliminates the want for trusted third events, thereby decreasing centralization dangers. Moreover, POL can be utilized not only for securing chains but additionally for different layers like mixture (Agg) layers and decentralized autonomous communities (DACs).
POL represents the third technology of token design, following in the footsteps of Bitcoin (BTC) and Ethereum (ETH). Nailwal says that POL takes it a step additional by enabling holders to safe a number of networks and assume varied roles, making it a “hyperproductive” token.
