New Details from the Polygon Hard Fork

As Ethereum layer-2 scaling solution Polygon continues its hard fork, new details have emerged.
 New Details from the Polygon Hard Fork
READING NOW New Details from the Polygon Hard Fork

As Ethereum layer-2 scaling solution Polygon continues its hard fork, new details have emerged.

Polygon PoS runs parallel to Ethereum and is also home to giants such as Robinhood, Adobe and Stripe, as well as projects such as Uniswap and Aave. The upcoming update is part of an initiative to improve the technical capabilities of the Polygon sidechain, including parallelization and Polygon zkEVM.

New Details Shared for Polygon Hard Fork

Polygon told Cointelegraph that the hard fork will go into effect at block 38,189,056 and will be initiated without the influence of central actors.

In addressing the gas surge issue, the Polygon team explained that they believe the growth curve can be flattened, thereby smoothing out the drastic fluctuations in gas prices, by increasing the denominator from 8 to 16, as the base wage price often experiences exponential increases when on-chain activity increases rapidly.

As for the issue of chain reorganization, Polygon explained that reducing the sprint length will increase transaction precision, allowing a single block generator to continuously add blocks at a frequency of 32 seconds as opposed to the current 128 seconds.

Polygon Team also confirmed that MATIC token holders and delegates will not need to take action and applications will not be affected during the hard fork.

The update, proposed by Polygon Labs developers, is scheduled to happen on January 17.

Comments
Leave a Comment

Details
219 read
okunma18617
0 comments