The Polygon project, despite facing legal difficulties with the SEC, has just unveiled Value Layer, version 2.0 of its network that promises to transform the crypto-currency landscape and bring numerous technological advances.
What is Polygon’s Value Layer?
According to Polygon Labs, the Value Layer enables “the creation of information and gives everyone the opportunity to create, exchange and program value”. By democratizing access to the global economy, this new version is positioned as the missing piece of an Internet that serves users rather than middlemen or opportunists.
Version 2.0 improvements :
- Secure and fast inter-chain interoperability between off-chain systems, mainly based on Ethereum, thanks to zero-knowledge technology.
- Smooth, secure inter-chain communications without the additional dependency on presumptions due to zero-knowledge layout.
- Creation of a true Internet value layer, enabling users to benefit from fast, inexpensive and secure transactions.
Polygon 2.0: an ambitious plan for the future
With this new version, the Polygon team aims to create a limitless creative interface where everyone can add their stone to the edifice. In so doing, it completely redefines the project’s ecosystem, giving it a whole new dimension.
The main objectives of this plan :
- Facilitate access to the global economy for all users, whatever their level of knowledge or skills.
- Foster collaboration between the various stakeholders to build innovative solutions and meet changing market needs.
- Consolidate Polygon’s position as a major player in the crypto-currency and decentralized technology landscape.
What challenges await Polygon 2.0?
While this new version promises to revolutionize the use of crypto-currencies and decentralized technologies, there are still a number of challenges to overcome before these ambitions can be realized.
The main challenges :
- Resolution of legal issues with the SEC, which could potentially affect the development and implementation of Polygon 2.0.
- Competition from other projects and platforms also seeking to establish themselves in this fast-growing market.
- User adoption and the ability to convince a wide and diverse audience of the benefits brought by this new version of the network.
In conclusion, Polygon 2.0 promises to be a major breakthrough in the field of crypto-currencies and decentralized technologies. By offering users the ability to create, exchange and program value securely, quickly and inexpensively, this new version has the potential to transform the internet as we know it today. However, a number of challenges remain before this ambitious project can be fully realized.
