{"id":135810,"date":"2024-08-19T21:00:05","date_gmt":"2024-08-19T18:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135810"},"modified":"2024-08-19T14:52:36","modified_gmt":"2024-08-19T11:52:36","slug":"polygon-to-transition-from-matic-to-pol-on-september-4","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/polygon-to-transition-from-matic-to-pol-on-september-4\/","title":{"rendered":"Polygon to Transition from MATIC to POL on September 4"},"content":{"rendered":"<p>This upgrade marks the beginning of a major evolution for the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/polygon\/\">Polygon<\/a><\/strong> network, introducing POL as the new native token for gas fees and staking on the Polygon Proof-of-Stake (PoS) network.<\/p>\n<p>POL is a community-driven token designed to replace MATIC and will be central to Polygon\u2019s future growth. The shift was detailed in the Polygon Improvement Proposal (PIP-17) and has garnered strong support from the community.<\/p>\n<p>The transition to POL is part of Polygon\u2019s broader strategy to enhance its blockchain capabilities and scalability. The groundwork for POL began last October with the introduction of POL ERC-20 contracts on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong>. Since then, various proposals and community feedback have shaped the token\u2019s utility and governance.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/optimism-reverts-to-permissioned-state-after-fraud-proof-bugs-found\/\" title=\"Optimism Reverts to Permissioned State After Fraud Proof Bugs Found\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/optimismOP-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Optimism Reverts to Permissioned State After Fraud Proof Bugs Found<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>POL is expected to be a highly versatile token within the Polygon ecosystem, applicable across all its chains, including the forthcoming AggLayer, which will be pivotal in Polygon\u2019s multi-chain plans.<\/p>\n<p>From September 4th, POL will replace MATIC for all transactions on the Polygon PoS network, with validators required to stake POL to receive rewards and transaction fees, thereby strengthening network security and governance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon is set to transition from MATIC to its new token, POL, on September 4th.<\/p>\n","protected":false},"author":3,"featured_media":50734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,23],"tags":[],"class_list":["post-135810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polygon to Transition from MATIC to POL on September 4<\/title>\n<meta name=\"description\" content=\"Polygon is set to transition from MATIC to its new token, POL, on September 4th.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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