Key points to remember:
- The Polygon team has proposed a hard fork for the Polygon mainnet for January 17
- The hard fork aims to reduce gas spikes and improve transaction finality
- The upgrade will not bring any changes to PoS rewards
Developers target January 17th for mainnet hard fork rollout
On Thursday, the Polygon team announced their plans for an upcoming mainnet hard fork that aims to improve the performance of the Proof-of-Stake (PoS) blockchain. The upgrade, proposed for January 17, would target two critical areas of Polygon network performance, namely gas spikes and finality delay.
“The goal is to smooth out peaks and ensure a smoother experience when interacting with the channel,” the team wrote in a Blog Publish. To avoid gas spikes that occur during peak demand, the team is looking to flatten the curve by doubling the denominator of the current value from 8 to 16.
The second part of the proposed hard fork includes solving so-called chain reorganizations (which occur when a block is removed from the blockchain to make way for a longer chain) by decreasing the sprint length from 64 to 16 blocks. . The team explained:
“(C) This upgrade means that a single block producer will produce blocks continuously for a much shorter duration (~32 seconds) than the current one (~128 seconds). This will reduce the depth of reorganizations.
The proposed changes should result in better transaction finality and no change to current rewards.
Polygon’s native MATIC token was trading at $0.910 at press time, up 17% over the past week.
For more information on the proposed hard fork, you can check out Polygon Builders’ first session below.
David is a crypto enthusiast and personal finance expert. He has created numerous publications for different platforms. He loves exploring new things, and that’s how he discovered blockchain in the first place.