Polygon 2.0: The Next Step Towards a Thriving Digital Economy and Privacy-Enhanced Transactions
Polygon Labs is actively pursuing its goal of transforming its entire architecture to become the “value layer of the Internet.”
Polygon 2.0 aims to revolutionize the ecosystem by introducing a new architecture that simplifies the creation of new chains within Polygon. Additionally, the upgrade will feature a shared bridge to enhance interoperability between chains and eliminate the necessity for wrapped tokens. Instead, native Ethereum tokens will be deposited into a contract on Ethereum, enabling seamless token mapping across different Polygon chains without the need for wrapping.
This development will enhance user experience and eliminate unnecessary complexities. Polygon also plans to integrate zero-knowledge (ZK) proofs to improve privacy and reduce costs. By implementing ZK proofs, users can validate transactions without revealing sensitive information directly. These upgrades align with Polygon’s vision of creating the Value Layer of the Internet and contributing to a more inclusive digital economy.
These changes also reflect suggestions made by Ethereum co-founder Vitalik Buterin regarding privacy enhancements and the use of Layer 2 scaling solutions.
Clever Robot News Desk 2nd July 2023
