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Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed

Ethereum layer-2 scaling answer Polygon will bear a tough fork on Jan. 17 so as to deal with fuel spikes and chain reorganizations points that has affected consumer expertise on the Polygon proof-of-stake (POS) chain. 

Polygon formally confirmed the laborious fork occasion in Jan. 12 a weblog put up, which got here after weeks of preliminary discussion on Polygon Enchancment Proposal (PIP) discussion board web page in late December.

A Polygon spokesperson additionally supplied Cointelegraph with further particulars of the laborious fork on Jan. 14:

“The laborious fork is coded for the Block >= 38,189,056. No centralized, single actor goes to provoke it. Validators of the community need to replace their nodes previous to the indicated block, and they’re already doing so.”

87% of the 15 voters of the Polygon Governance Group voted in favor of accelerating the BaseFeeChangeDenominator perform from 8 to 16 to cut back fuel charge spikes and to lower the SprintLength perform from 64 blocks to 16 so as to repair the chain reorganization downside.

In addressing the fuel spike problem, the Polygon Group defined that as a result of the bottom charge value typically “experiences exponential spikes” when on-chain exercise will increase quickly, by growing the denominator from 8 to 16, they consider “the expansion curve will be flattened” and thus “easy extreme fluctuations” in fuel costs.

Current fuel value spikes on the Polygon POS chain (blue) in contrast with Polygon’s data-driven expectations put up laborious fork (crimson). Supply. Polygon.

Associated: Polygon checks zero-knowledge rollups, mainnet integration inbound

As for the chain reorganization downside, Polygon defined that by lowering dash size, transaction finality will enhance, permitting a single block producer so as to add blocks repeatedly at a frequency of 32 seconds versus the present time of 128 seconds.

“The change won’t have an effect on the full time or variety of blocks a validator produces, so there shall be no change in rewards total,” they added.

Chain reorganization happens when a block is deleted from the blockchain to make room for the brand new, longer chain to make sure that all node operators have the identical copy of the ledger.

Nonetheless, the reorganization should proceed as effectively as doable because it will increase the chance of a 51% assault.

The Polygon Group additionally confirmed that MATIC token holders and delegators won’t must take motion and that functions won’t be affected in the course of the laborious fork.

The worth of Polygon’s token, MATIC is at present $0.977, up 13.6% since Polygon introduced the information on Jan. 12.

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