Hard Fork Coming to Polygon's Blockchain

A wide variety of economic output, including NFT marketplaces, gaming, and the expanding DeFi ecosystem, can be found on the Ethereum blockchain. Due to its compatibility with smart contracts that can be employed to create a broad range of applications, Ethereum is ideally suited for this task.

Nevertheless, as these applications gain more traction, more activities are added to the Ethereum blockchain. As a consequence, transaction costs, or “gas,” might occasionally increase to the level where making quick or frequent deposits can become unprofitable.

Enter Polygon, a “Layer 2” scaling solution (or “sidechain”) that has developed to offer users cheaper and quicker transactions. Alongside the original Ethereum blockchain, it functions as a quick secondary blockchain. By “bridging” some of your cryptocurrency to Polygon, you may use it to access a variety of well-known crypto applications that were previously restricted to the primary Ethereum blockchain.

A planned hard fork to Polygon's proof-of-stake (PoS) blockchain has been disclosed as part of the development's scalability of Ethereum. The software change is expected to occur on January 17 if approved, and it will manage gas price increases and chain rearrangement (reorgs). The Polygon team was initially made aware of the hard fork conversation in December 2022.

What lies within the Hard Fork？

The first modification in Polygon's new split relates to how gas fees, a form of tax one must pay to a blockchain in order to carry out transactions, are set. With the fork, Polygon hopes to lessen gas price increases that frequently happen when there is a lot going on on the chain.

“Although gas will still increase during peak demand, it will be more in line with the way Ethereum gas dynamics work now” In a message posted to CoinDesk, Polygon said “The goal is to smooth out spikes and ensure a more seamless experience when interacting with the chain.”

The proposed framework update tackles reorgs, that can emerge when a validator node — one of the machines operating the Polygon blockchain – obtains data that briefly generates a new version of the blockchain. Such an incident makes it hard to adequately check if a deal has indeed been completed, since nodes will be required to balance which chain is the correct one (otherwise known as the “cannonical” one).

Polygon seeks to shorten the time it needs to complete a block and verify beneficial impacts in order to solve its issue of fairly frequent reorgs. The goal is to decrease Polygon's “sprint length” from 64 to 16 blocks, allowing block producers to manufacture blocks in considerably less time (from 128 to 32 seconds).

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