Are pol and MATIC the same?

The shift to POL is intricately tied to the Polygon 2.0 upgrade, a strategic initiative designed to propel the platform to new heights. This upgrade aims to address the scalability challenges of the Ethereum network and reinvigorate the Polygon ecosystem.

By scaling the Ethereum network, Polygon 2.0 seeks to alleviate congestion and reduce transaction fees, making it more accessible and efficient for users. This, in turn, will foster a thriving environment for decentralized applications (dApps) and other blockchain-based projects.

The POL token is central to this transformation, as it will serve as the primary means of interaction within the upgraded Polygon ecosystem. Holders of POL will be able to participate in various ecosystem-enhancing activities, such as staking and governance voting, further solidifying their role in shaping the future of Polygon.

Among the leading cryptocurrency exchanges that support this transition is BTCC, a reputable platform based in the United Kingdom. BTCC offers a diverse range of services, catering to the needs of both retail and institutional investors alike.

Polygon, formerly known as MATIC, is currently undergoing a significant transformation in its ecosystem. At the heart of this evolution lies the introduction of a new native token, POL, which signifies a major milestone in the project's journey.