According to @Bitcoin Magazine , Venezuelan opposition leader Maria Corina Machado called #BitcoinBeliever a "lifeline" for Venezuelans and a way to circumvent the government-controlled exchange rate. She proposed including $BTC in Venezuela's future national reserves.
The most excting and promising initiatives from Venezuela's future national reserves is @DAO Labs ecosystem who are pioneering the concept of #SocialMining in the #PolygonMATIC network and as we know , a good and vibrant community is key in community development
It is no longer news that the long awaited @Polygon network will be going through a crucial turn around with the changeover of its network token from $MATIC TO $POL. This important migration comes with a detailed shift from its token framework. In view of this , the primary reason for this transition is to ensure a better flexible ecosystem and to solve the challenges from associated with MATIC. Fiirstly, the pathfinder of polygon who are the polygon founders were moved to changed to POL as a result of the shortcomings from MATIC in giving secure structure for the progress of the network. In addition , the transformation is vital and crucial for validators as it will help them to confirm the ability of the polygon network to support and interconnect diverse blockchain networks and this will ensure that security is top notch in the polygon ecosystem. Furthermore, POL as a token gives innumerable benefits and one of which is the high level of its financial template.
Nevertheless, on a closer look at both MATIC AND POL token , you will find out that they differ in purpose , the manner in which they perform their functions and the structure. POL is the latest stage in the development of polygon technology which I called the third generation token. This is because it is built on the concepts of the popular #Bitcoin and #Ethereum | $ETH framework. The design of $POL is phenomenally efficient when compared to $MATIC token which comes with a lot of shortcomings. Polygon founders has adopted $POL as their token because of the diverse roles it gives to its validators by ensuring that they earn rewards
Secondly, $POL token is different from $MATIC token when we observe them from a staking point of view. With this in view, the #Validators can obtain rewards from protocol and transaction fees which makes it an attractive option for individuals who are responsible for managing and maintaining the computers on the polygon blockchain network which I referred to as node operators. The impact of $POL on individuals who are responsible for managing and maintaining the computers on polygon blockchain network ( Node operators ) is significant, as it provides more opportunities for rewards and participation in the polygon ecosystem. As I said earlier these network validators which I referred to as node Validators can now confirm diverse polygon #BlockchainLifeAwards2024 which will increase their earning opportunities and contributions to the network's security
Thirdly, the POL token has a positive effect on the ability to easily buy or sell an asset without significantly affecting its price , I mean the liquidity flowing into the polygon ecosystem. In other words , its high level financial token design attract more participants and enables smooth trading in addition to the overall activity of the polygon network
Lastly, the transition to POL has a significant impact on polygon's long-term goals and technological development and objectives. $POL enables the network to achieve its vision of becoming the innovation that adds value to an existing process, I mean the value layer of the internet. This value layer provides a sustainable and a non-hierarchical ecosystem for growth and development.
For details:
1
https://polygon.technology/pol-token
2
https://polygon.technology/blog/polygon-2-0-milestone-pol-contracts-are-live-on-ethereum-mainnet
3
https://polygon.technology/blog/unlocking-perpetual-growth-how-pol-fuels-polygons-aggregated-blockchain-future
4
https://polygon.technology/blog/polygon-2-0-tokenomics
