Polygon proposes upgrading MATIC into a multipurpose token for all chains

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Ethereum layer-2 development firm Polygon proposed upgrading its Polygon (MATIC) token to a multipurpose token that can be used to validate multiple chains.

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL.

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