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The Polygon blockchain underwent a hard fork on Tuesday aimed at alleviating gas spikes that come from sudden increases in transaction volume. The upgrade was first proposed last week in a blog post by the Polygon team, which outlined the coming changes.
Key takeaways:
- The team’s goal was to smooth out spikes that occur during surges of high demand to “ensure a more seamless experience when interacting with the chain.” See the projected gas spike chart after the upgrade below.
- In addition, the upgrade addressed “reorgs,” which are chain reorganizations that occur when a block is deleted from the blockchain to make room for a longer chain. This was achieved by decreasing the spring length from 64 to 16 blocks.
- From a technical standpoint, the improvements in chain performance were achieved by decreasing sprint length (as mentioned) and by doubling the denominator value from 8 to 16. Overall, the upgrade has decreased block production from 128 seconds to 32 seconds.
- Gas spikes occur primarily due to transaction-intensive decentralized applications (dApps), such as blockchain games and applications that leverage non-fungible tokens (NFTs).
- According to the official post, the changes will not make any difference to the current system of Proof-of-Stake (PoS) rewards.
- At press time, Polygon’s native MATIC token was trading at $0.944, up 6.6% from over the past seven days.
David is a crypto enthusiast and an expert in personal finance. He has created numerous publications for different platforms. He loves to explore new things, and that’s how he discovered blockchain in the first place.
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