Polygon Network is preparing for a hard fork that will occur this January 17.
The developers of the Ethereum sidechain, Polygon Network, have been calling on node operators to upgrade in preparation for the arrival of a key upgrade to the network that will occur tomorrow, January 17.
On its blog, Polygon has informed its community about the need to improve its performance and overcome some problems related to the user experience. For all these reasons, Polygon is preparing to implement a new update, which was widely discussed by developers and the community and which represents important changes for the network.
This new update will be implemented on the Ethereum sidechain as a “hard fork” that will allow control and reduce gas peaks on the blockchain, as well as address the issue of block reorganizations.
On its Twitter account, Polygon Network highlighted that the new hard fork represents good news, both for application developers and for node validators and the crypto community in general.
This January 17, Polygon sidechain developers They will implement the “V0.3.1 Hardfork” update, according to him schedule described on their official blog for the activation of the hard fork.
What does the Polygon Network hard fork include?
To reduce gas rate spikes, Polygon has proposed changing the value of BaseFeeChangeDenominator from 8 to 16, in order to help smooth the rate of increase or decrease in the minimum gas rate, called “baseFee”, for when gas exceeds or falls below the target gas limits in a block.
With this, the developers emphasize that this change will not stop the increase in gas at times of greatest demand on the network, but it will help ensure that these increases are not so pronounced, so that the network remains in line with its objectives. of accessibility and can guarantee a better experience for its users.
On the other hand, to solve the block reorganization problem, Polygon has proposed decrease sprint length from 64 to 16 blocks. This change, which will be implemented in the upcoming hard fork, will help Polygon reduce the frequency and depth of rebases and improve transaction completion, the developers explain.
Polygon, the main destination for DApps in the blockchain industry
Polygon Network's intentions with its new update are to improve the performance and predictability of Polygon PoS to meet the demands of its users and its community, the sidechain explains in its blog.
Polygon has become the leading destination for developers of decentralized applications (DApps). Currently, its blockchain ecosystem hosts more than 2.300 DApps, 207 million active unique wallet addresses, and several dozen decentralized protocols, such as Uniswap and Aave, which have migrated to this network due to its scalability, accessibility and low gas rates.
In addition to the hard fork that will be implemented on the blockchain tomorrow, Polygon developers are also working on other important updates, protocols, technologies and releases such as Polygon zkEVM.
What is a hard fork?
A hard fork, also called a hard fork, is a radical update or adjustment to the network that is made to implement important changes to it. In a hard fork, nodes or validators will need to upgrade to new software to continue operating on the same blockchain.
After a hard fork, the blockchain is no longer backward compatible.
Continue reading: Polygon Network leads the blockchain ecosystem with its chain bridge architectures and NFTs
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