Polygon Set for Major Upgrade With Heimdall v2 Rollout

Polygon, the decentralized Ethereum (ETH) scaling platform, is set to launch a major update on Heimdall v2 on July 10, 2025. According to the announcement, the Heimdall v2 upgrade will enhance the network’s security and performance, as it moves toward better scalability and efficiency. Benefits of the Heimdall V2 Upgrade Notably, Heimdall v2’s main goal is to reduce delays during checkpoints, which currently slow down the system. It also improves how data is sent to Ethereum, making the network faster and more reliable. Technically, Heimdall v2 will launch with a new chain ID and a new genesis block, marking a clear break from Heimdall v1. This means that the blockchain history from Heimdall v1 will not carry over. Instead, the updated version will start fresh from the last state of Heimdall v1. This approach will ensure Heimdall v2 has a clean and optimized start while keeping important state data intact. Meanwhile, the Heimdall v2 upgrade is part of Polygon’s plan to strengthen its position as a top Web3 infrastructure provider. Following the announcement of the Heimdall v2 upgrade, Polygon’s token, POL, rose by 10%, hitting its highest price in a month at around $0.20. This increase reflects that investors are becoming more confident in the long-term value and growth of the ecosystem. POL Token Contract Opens up New Possibilities Recall that the leading blockchain scaling and infrastructure development platform launched its POL token contract on the ETH network in 2023. With the launch, Polygon further strengthened its position as a reliable, scalable, and interoperable blockchain solution. The integration allows Polygon to explore alternative avenues for token usage, governance, and utility, replacing MATIC with a more robust and versatile token. Also, the launch enables Polygon to offer enhanced functionality and decentralized applications (dApps) to its users. Furthermore, the token launch opened doors for the execution of other facets of the Polygon 2.0 roadmap. This includes the launch of a new staking layer for the Polygon ecosystem, which upgrades Polygon Proof-of-Stake (PoS) to zkEVM, among other initiatives. Polygon Shifts Focus After New CEO Takes Over It is worth noting that the Polygon Foundation changed direction shortly after Sandeep Nailwal, the co-founder, became the new CEO. In a recent statement, Nailwal revealed that the zkEVM chain will be shut down due to low use and high operation costs. He shared that the foundation will focus on improving Polygon PoS and building Agglayer, a new tool that connects different blockchains. As reported by TheCoinRise, Polygon Labs co-founder Jordi Baylina and the team behind the zkEVM network have spun out into an independent company called Zisk . The post Polygon Set for Major Upgrade With Heimdall v2 Rollout appeared first on TheCoinrise.com .

Source: The Coin Rise