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Polygon Proposes Technical Upgrade To Convert MATIC Token Into Polygon (POL) for Multi-Chain Validation

Polygon, the Ethereum scaling solution, has proposed an upgrade for its native MATIC token to become Polygon (POL), which would validate multiple chains within the Polygon ecosystem. The upgrade aims to ensure scalability without compromising security and introduce a new level of interoperability between different protocols within the network.

The conversion process from MATIC to POL is planned to be straightforward, with a grace period of at least four years for token holders to complete the upgrade. The proposal is subject to community approval and the migration to POL could begin within a few months depending on consensus.

Polygon Interoperability
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