The Polygon team announced via X (formerly Twitter) on Thursday that it has begun implementation of Polygon 2.0. The implementation begins with the release of 3 Polygon Improvement Proposals (PIPs) and a roadmap for Phase 0.
Polygon 2.0 aims to scale Ethereum blockspace to create the Value Layer of the Internet, providing unlimited scalability and unified liquidity. The team said implementation will begin as early as Q4 of this year if the community endorses the proposals.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is up by 1% in the last 24 hours and is currently trading at $0.5231.