Polygon upgrade to address gas-fee spikes and chain reorgs

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  • Polygon announced that the scheduled hard fork was successful on Tuesday, January 17th, 2023.
  • The software upgrade will help address the issue of gas-fee spikes and potentially disruptive chain restructuring.
  • Looking at other technical upgrades such as zkEVM and parallelism as the team further improves the network.

polygonBuilt on the Web3 infrastructure platform Ethereumhas successfully completed its scheduled mainnet upgrade, as per announcement From the team behind the blockchain project.

Upgrade to help boost polygon performance

The Proof-of-Stake (PoS) upgrade is a hard fork that the community approved in a recent vote, which aims to reduce gas fee spikes on the Ethereum scaling solution. With the hard fork this means that although the network may still see increases in gas prices during peak demand sessions, it will now reflect the current gas dynamics of Ethereum.

According to the Polygon team, the upgrade will smooth out any gas fee spikes and allow for seamless interaction with the chain.

The software update is also meant to address on-chain reorganization, or “reorganization,” which can affect the finality of transactions and be disruptive to the chain.

Polygon highlighted the above proposals in a post published On 12 January.

With the full hard fork set to boost network performance and predictability, there are still long-term goals aimed at making the blockchain protocol ideal for the growing community of users. These will include technological upgrades such as ride along And polygon zkEVM Work is being done.

Major Web3 projects like Uniswap and Aave are on the Polygon PoS chain, along with thousands of other decentralized applications (DApps). The chain has registered over 207 million unique addresses and processed over 2.3 billion transactions.

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