Polygon network hard fork will be done this week
Polygon network announced yesterday (January 12) that a new hard fork will take place in this network soon (January 17). This hardfork will address the problem of huge gas cost when the network is congested.
According to Valx and quoted by Ambcrypto, with this new fork, some of the gas cost pricing policies in Polygon will be changed. In order to reduce the severity of the gas price change rate, the gas base fee change rate will be reduced from 12.5% to 6.25%.
Another important update in this hardfork is the change in the way validators work to reduce the number of “reorganizations” (Reorgs) in the network. Reordering occurs when a node becomes aware of the existence of a chain longer than the current chain it is following. Polygon suffered from numerous rearrangements. Therefore, it wants to speed up the process of validating transactions and blocks.
The proposed change in this hard fork is to reduce the block generation time by its creator. After this change, the duration of consecutive block generation by a block creator will be reduced from 64 blocks to 16 blocks. This change will reduce the depth of rearrangements. In the Polygon network, any subset of validators in “spans” will be responsible for creating blocks. Each period consists of a number of Sprints, which determine the number of consecutive blocks made by each developer. In the proposed change, the number of sprints would increase from 100 to 400, and instead decrease the length of each one. The length of each sprint will be reduced from 64 blocks to 16 blocks.
The price of Matic currency has followed an upward trend recently. At the end of January 12, the price of Matic increased by 3% compared to the previous day, which showed the positive response of investors to the announced news. Also, according to the relative strength index (RSI), Matic follows a strong bullish trend.
Directional Movement Index (DMI) also confirms this upward trend. On the other hand, the data of the Sentiment site shows that the number of daily active addresses of the network increased significantly during the month of January.
This week’s Poligan network hard fork post is first on Wallex blog. appeared.