Polygon Announces Upcoming Hard Fork to Address Gas Spikes and Chain Reorganizations

The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork connected Jan. 17, 2023. According to the team, the web upgrade volition “reduce the severity of state spikes” and “address concatenation reorganizations (reorgs) successful an effort to trim clip to finality.”

Polygon Team Outlines Network Upgrades to Improve User Experience

On Jan. 12, 2023, the Polygon squad told the assemblage to “get acceptable for the hard fork” arsenic developers person plans to upgrade the concatenation connected Jan. 17, 2023. “The projected hard fork for the Polygon PoS concatenation volition marque cardinal upgrades to the web connected Jan. 17,” the squad tweeted. “This is bully quality for developers and users and volition marque for amended idiosyncratic acquisition (UX). You volition not request to bash thing differently,” the developers insisted. Polygon (MATIC) developers person been discussing the upgrade since Dec. 2022.

The V0.3.1 Hard Fork aims to trim state spikes and code blockchain reorganizations (reorgs). A reorg is an occurrence successful which a caller chain’s subdivision emerges and supersedes the antecedently accepted blockchain branch. Reorganizations tin origin antecedently confirmed transactions to beryllium invalidated and replaced with caller ones. In bid to alleviate the reorg problem, Polygon plans to alteration the network’s sprint magnitude from 64 to 16 blocks. “Doing truthful volition alteration the extent of reorgs,” Polygon developers declare.

In bid to trim state spikes, Polygon aims to alteration the “basefeechangedenominator” from the existent worth of 8 to 16. “This volition assistance creaseless retired the increase/decrease complaint successful basefee for erstwhile the state exceeds oregon falls beneath the people state limits successful a block,” according to the Polygon team’s blog station astir the subject.

Polygon’s autochthonal token, MATIC, has precocious entered the apical 10 standings successful presumption of crypto assets ranked by marketplace capitalization. MATIC is up 23.4% implicit the past week against the U.S. dollar. However, Polygon’s existent $0.987 per portion worth is down 66.2% since the integer asset’s all-time precocious of $2.92 per portion connected Dec. 27, 2021.

What bash you deliberation astir the projected upgrade to the Polygon network? Will these changes amended your wide acquisition arsenic a idiosyncratic oregon developer connected the platform? Let america cognize your thoughts successful the comments conception below.

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