Can it really become an "Internet value layer"? Learn about Polygon 2.0 in one article

Reference|Polygon official website

Compilation | Jordan, PA News

On June 13, Polygon Labs, a provider of Ethereum scaling solutions, officially announced the launch of Polygon 2.0, an L2 network driven by zero-knowledge technology, aiming to build the "value layer" of the Internet. According to the disclosed information, Polygon2.0 allows users to create, exchange and program "value", and will reshape almost all aspects of the original chain, including protocol architecture, token economics and governance.

This article intends to explore Polygon2.0 to help the encryption community understand why Polygon wants to build an "Internet value layer".

"Value Layer" - the concept that all blockchains aspire to achieve

The "value layer" is a concept that almost all blockchains aspire to achieve, including Ethereum.

In fact, the traditional Internet has two characteristics:

l Unlimited scalability: Internet throughput can be expanded elastically, and when we need more capacity, we can build capacity expansion.

l Uniformity: Internet information exists in a shared environment and can be accessed from anywhere in the world.

Ethereum introduced the concept of the Internet value layer, showing that people can seamlessly and safely create, exchange and program value without intermediaries, but the problem is that compared to the traditional Internet, Ethereum, and the wider encryption ecosystem The limitations of the system in terms of scalability and unity are even greater. First, it is difficult for a single blockchain to expand infinitely, and there are strict throughput limitations; second, although it is possible to increase capacity by creating new chains, in this way, liquidity will be "dismantled", and security and capital efficiency will also be affected. Lower it further—and this is where Polygon 2.0 comes in.

Polygon's vision is actually not complicated-to build the value layer of the Internet, just like the Internet allows anyone to create and exchange information, the Polygon 2.0 Internet value layer will be a basic protocol that allows anyone to create, exchange and program "value". Polygon 2.0 will be built on Polygon's existing two-layer blockchain network. Unlike the current Ethereum two-layer side chain version, Polygon****2.0 is more like a **** of a "two-layer network" Network", supported by zero-knowledge proof, realizes the tandem work of a unified network through an innovative cross-chain coordination protocol.

In theory, the Polygon2.0 network can support an almost unlimited number of blockchains, and it can also improve infinite scalability and unified liquidity. Cross-chain interactions can happen safely and instantly without additional security or trust assumptions. Polygon 2.0 will become the blueprint for building this value layer. For end users, using the entire network is like using a chain, and ultimately realize the "value" pattern that Ethereum cannot achieve.

In the words of Polygon Labs President Ryan Wyatt, Polygon 2.0 has three core goals:

1. Unified protocol: seamlessly use zkEVM, PoS and Supernets, you will feel that you are using a single chain.

2. Token evolution.

3. Long-term decentralized governance.

Important time points of Polygon 2.0

It is reported that the Polygon 2.0 upgrade will introduce a set of modules to provide infinite scalability and unified liquidity through zero-knowledge proof technology. Developers can use these modules to build their own blockchain networks. These modules include consensus and synchronization. mechanisms, fraud proofs, etc., with the goal of providing a more flexible and powerful platform for decentralized applications (dApps).

Over the next few weeks, Polygon will detail each component of Polygon 2.0, topics such as the future of the Polygon proof-of-stake blockchain, the utility and evolution of the Polygon token, and the transition to greater community governance of the protocol and treasury. as follows:

• Week of June 19: Polygon2.0 Pos chain
• Week of June 26: Polygon 2.0 architecture and stack
• Week of July 10: Polygon2.0 tokens
• Week of July 17: Polygon2.0 Governance

Built on Reputation

Last week, Polygon (MATIC) was flagged as a security in a lawsuit filed by the SEC against Binance alleging that the crypto asset securities were sold as investment contracts. In this regard, Polygon founder Sandeep Nailwal posted on social media, suggesting that Polygon will not be affected by this incident, and said:

• "In the Polygon ecosystem, a Web3 world that is as popular as the current Internet is envisioned, a world that is freer and more transparent in governance. The Polygon ecosystem, including Polygon Labs, is ready to continue to build in the next 5-10 years, It's a marathon, every distraction is a temporary noise, and Polygon will keep building."*

The launch of Polygon2.0 seems to be a response to the action of the US Securities and Exchange Commission with practical actions. As a Layer 2 expansion solution, Polygon has gained a reputation in the industry by providing cheaper and faster services. It can be said that it is in the field of blockchain expansion technology. played a key role.

Summarize

In fact, the competition between the Ethereum two-layer network has become increasingly fierce. In February of this year, Coinbase released the self-constructed two-layer blockchain network Base. In April, the encryption investment giant a16z crypto also announced the launch of a two-layer Rollup client solution called "Magi". In the market competition, Deus is worthy of attention.