L2 Scaling Solution Polygon Rolls Out POL Smart Contract on Ethereum Mainnet
25 October 2023
By Jimmy Aki | @jimmy-aki
Polygon Labs, makers of the Polygon network, has announced the rollout of its much anticipated POL smart contract token on the Ethereum mainnet.
The Polygon team shared this exciting development on X (formerly Twitter), explaining that the new token upgrade is intended to replace the age-old MATIC token as an ecosystem asset.
On-chain data on the Etherscan platform shows that POL was deployed on October 25 at approximately 09:06 AM (UTC).
On-chain data on the Etherscan platform shows that POL was deployed on October 25 at approximately 09:06 AM (UTC).
POL (Polygon Ecosystem Token) was launched on the Ethereum network at block height 18426253 following 2,620 block confirmations.
Providing an underlying context for retiring the MATIC token, the Polygon team said POL is a key player in its drive for the future of Polygon 2.0.
Polygon 2.0 is the layer-2 scaling solution’s next step toward unlocking the full potential of both the Ethereum and Polygon blockchain protocols.
The Polygon network first informed the world of its intentions to develop a Polygon 2.0 architecture on June 12.
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