Four Pillars researcher 100y discusses the concept of large-scale adoption from an infrastructure perspective, and expects POL’s new token economic model to play an important role before the maturity of the Polygon 2.0 ecosystem.
Recently, Polygon released the Polygon 2.0 blueprint, with the vision of “Internet of Value”, allowing anyone to create, exchange and program value. The values of Polygon 2.0 are achieved through a ZK-driven L2 chain network that provides “infinite scalability” and “unified liquidity”. Despite using multiple ZK L2 chains, the user experience is similar to using a single chain.
Polygon 2.0 includes layers that perform different roles: 1) The staking layer is responsible for validator transactions, which exist as smart contracts on the Ethereum network and includes validator managers and chain managers; 2) The interoperability layer enables seamless cross-chain messaging within the ecosystem, making the user feel like they are using a single chain network; 3) The execution layer is where actual computations take place, with components similar to traditional blockchain networks (such as P2P communication, consensus, mempool, database, etc.); 4) The proof layer is responsible for generating ZKP for each transaction on the chain, using Plonky2 developed by the Polygon team.
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In the whitepaper, the design goals for POL are ecosystem security, infinite scalability, ecosystem support, frictionless operation, community ownership, and it proposes several use cases such as validator staking, validator rewards, and governance. The initial supply of POL is 10 billion, migrated from MATIC at a 1:1 ratio, with a suggested total inflation rate of 2% over 10 years, including validator rewards and ecosystem support. This inflation supply will provide good support for the network until the Polygon 2.0 ecosystem is mature enough. Once the Polygon 2.0 ecosystem is complete and sustainable through transaction fees, the community can reduce inflation through governance.
Reference: https://medium.com/fourpillars/polygon-2-0-a-new-blueprint-for-mass-adoption-ede6b93bb799
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