Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

The dollar has dropped over 10% in the first half of 2025

11/07/2025

Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

11/07/2025

Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

11/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    VeChain’s Johnny Garcia Explains Why Texas Could Be Next to Adopt a Bitcoin Reserve

    11/07/2025

    This Project Lets You Send Bitcoin Without Internet Access

    11/07/2025

    Bitcoin Faces Risk of Pullback to $100K as Momentum Indicator Diverges Bearishly: Technical Analysis

    11/07/2025

    “Continuation of Rally Depends on It!”

    11/07/2025

    Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

    11/07/2025

    Ethereum (ETH) Price Prediction for July 8

    11/07/2025

    Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?

    11/07/2025

    It’s Time for Ethereum (ETH), Which Lags Behind Bitcoin, to Explode! Analyst Points to This Week!

    11/07/2025

    Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

    11/07/2025

    Pump.fun to Launch PUMP Token via ICO on July 12

    11/07/2025

    Interchain Foundation Funds Hadron Labs for Long-Term Maintenance of CosmWasm Smart Contract Platform

    11/07/2025

    Ripple USD (RLUSD) Breaks Crucial Milestone, Road to $1,000,000,000?

    11/07/2025

    Volume Plunges While Transactions Soar

    11/07/2025

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    10/07/2025

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    10/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    The dollar has dropped over 10% in the first half of 2025

    11/07/2025

    Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

    11/07/2025

    Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

    11/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025
  • Blockchain

    DeepLink and Roam Unite to Build Borderless Cloud Access and Gaming

    10/07/2025

    A Breakthrough for Blockchain Exploration

    10/07/2025

    Dechat Forges Partnership with Bullbit AI to Transform AI-Driven Trading Infrastructure

    10/07/2025

    It May Also Be Developing Its Own Blockchain!

    10/07/2025

    Veritas and Bixos Join Forces for the Secure Tokenization of Real Estate

    10/07/2025
  • DeFi

    Plume Launches SkyLink on TRON to Enable Real-World Asset Yields

    11/07/2025

    EUL Hits New All-Time High Led by Protocol Growth

    11/07/2025

    AscendEX Forges Partnership with M3 DAO to Bridge Real-World Finance and Web3

    11/07/2025

    Aave Outperforms DeFi Sector with 52% TVL Surge in Q2

    11/07/2025

    Bitcoin Exchange Bithumb Shares New Listing Announcement! Here’s the Listed Altcoin

    11/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    The dollar has dropped over 10% in the first half of 2025

    11/07/2025

    Crypto M&A tops $40b in 2025 as buyers seek scale and speed

    11/07/2025

    XRP Advocate John Deaton Breaks Silence on Wall Street, Copying Strategy’s Model

    11/07/2025

    Texas Creates Its Own Digital Currency Backed by Gold and Silver

    11/07/2025

    Australia’s Swyftx to Acquire Caleb & Brown in Record $66M ANZ Crypto Deal

    11/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

    11/07/2025

    Transak Adds Support for Ripple’s RLUSD Stablecoin for Global Fiat On-Ramping

    11/07/2025

    Jack Ma’s Ant Group Joins Circle to Bring USDC to Blockchain

    11/07/2025

    KuCoin Passes Hacken-Audited Proof of Reserves, Maintains Over 100% Collateralization for 32nd Straight Month

    11/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    10/07/2025

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025

    BIT Mining Stock Soars After Bitcoin, Dogecoin Miner Reveals $300 Million Solana Pivot

    11/07/2025

    Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

    11/07/2025

    KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay

    10/07/2025

    Bill Morgan Rejects ‘Staged Lawsuit’ Claims

    10/07/2025

    Trump’s crypto working group is due to submit digital asset policy proposals by July 22

    10/07/2025

    Crypto exchanges and providers thrive 6 months into EU’s MiCA regulation

    10/07/2025

    Trump Is Making Bank on Crypto: Do Voters Care?

    10/07/2025

    The dollar has dropped over 10% in the first half of 2025

    11/07/2025

    Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

    11/07/2025

    Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

    11/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025
  • MarketCap
NBTC News
Home»Blockchain»POL Contracts go live on Goerli Testnet
Blockchain

POL Contracts go live on Goerli Testnet

NBTCBy NBTC05/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Polygon has announced that POL contracts are now live on Goerli Testnet. POL is the upgraded token for the Polygon ecosystem. It is alternatively identified as the next-generation token for MATIC. POL was introduced three weeks ago with a Polygon Improvement Proposal (PIP). Now, Goerli Testnet is hosting the said contract. Also, two more proposals have been laid on the table to better shape the future of Polygon.

The initial task of the POL is to handle token migration and emission. This has been specified under PIP-17. Moreover, its objective has been designed to enable community ownership, staking, and governance to accommodate zk-based Layer-2 chains.

Polygon has called this a major step forward in achieving the vision of Polygon 2.0. POL has been deployed only after the community could reach a consensus.

It is important to note that MATIC is exchanging hands at $0.520255, an increase of 3.03% in the last 24 hours. However, the last month has been dreadful for the token; the fall at the moment comes to 13.28% in just 30 days at the time of articulating this piece.

Moving forward, Polygon is looking to gain community endorsement and begin implementing the update this quarter.

PIP-19 has come under the lens as well. It highlights the adoption of the upgraded token. POL will primarily find a breakthrough as a native gas token and staking token. They will further impact the burning of MATIC, a mechanism for which has been specified in EIP-1559, with EIP being an acronym for Ethereum Improvement Proposal.

The proposal has reportedly taken out 20 million MATIC tokens since January 2022. That was the time when the upgrade went live on Polygon PoS.

PIP-24 seeks to bring changes to the addresses of recipients on the Polygon PoS Network. PIP-25 seeks to make adjustments in the total supply of POL. It will make sure that the allotment is pegged at 1:1 between MATIC and POL. This is to retain consistency in the mechanism.

Users don’t have to do anything during the upgrade. Users of Polygon zkEVM or MATIC will experience a seamless transition. However, they can participate in the governance process by heading over to the official forum of the Polygon Community. Instructions are the same for node operators and stakers, except they can provide feedback to the team to enhance compatibility and improve the environment once they approve feedback.

The update comes hours after Polygon introduced Polylang, a TypeScript for Miden VM. It has been defined as an easy-to-use language with enhanced privacy and parallel execution.

Returning to Polygon 2.0 update information. On the Goerli Testnet, SOL Contracts are active to increase the visibility of the upgraded MATIC token. It will support the architecture that Polygon 2.0 is introducing, with an emphasis on the token combustion mechanism.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

DeepLink and Roam Unite to Build Borderless Cloud Access and Gaming

10/07/2025

A Breakthrough for Blockchain Exploration

10/07/2025

Dechat Forges Partnership with Bullbit AI to Transform AI-Driven Trading Infrastructure

10/07/2025

It May Also Be Developing Its Own Blockchain!

10/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

The dollar has dropped over 10% in the first half of 2025

11/07/2025

Founder and CEO of Altcoin Whose Price Plummeted Makes Statement

11/07/2025

Alchemy Pay Forges Partnership with Yala to Unveil Bitcoin-Native Card

11/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.