Following a heated debate among the Polygon community members, the blockchain developer Polygon Labs is set to proceed with plans to hard-fork the Polygon network next week. The announcement came on Thursday via a blog post published on the blockchain’s official website.
In the blog post, the Polygon developer cites that the hard fork will occur on January 17. According to Polygon Labs, this hard fork will solve chain reorganizations (reorgs) and minimizes network gas fee spikes.
Polygon operates on the Proof-of-Stake (PoS) mechanism and is an Ethereum sidechain with cheaper gas fees than the Ethereum mainnet. However, Polygon is vulnerable to traffic spikes that slow the network. Last year, the blockchain experienced downtime when the ‘Sunflower Farmers’ game launched.
How Hard Fork Could Reduce Network Gas Fees
Polygon Labs believes doubling the “Base Fee Change Denominator” value will reduce gas fee spikes. Furthermore, the developer is optimistic that this modification will succeed since the firm backtested it against Polygon Proof-of-Stake mainnet data.
How Hard Fork Could Address Reorgs Problem
Also read:Chain reorgs are a bigger problem that Polygon labs intend to address through the proposed hard fork. Usually, reorgs happen due to malicious attacks and network errors, leading to blockchain networks splitting into two, thus duplicating transactions.
In 2022, Ethereum Beacon Chain experienced a reorg that could have caused millions of dollars to get lost due to duplicate transactions. Polygon Governance Facilitator Mateusz Rzeszowski admits that reorgs are a huge concern to many dapp developers.
Rzeszowski says that one recommended way to solve the problem is to shorten the sprint length to 16 blocks from the current 64. If implemented, it would minimize the time taken for transactions to be confirmed, thus reducing the possibility of reorgs occurring.
Every Polygon node operator is expected to upgrade their nodes before the proposed hard fork is completed on January 17. However, Holders of Matic, the Polygon’s native token, and all Polygon-based dapp developers will not be required to take any action.
Crypto Enthusiasts Welcome Hard Fork News
Based on crypto Twitter sentiments, many have received the hard fork news well. A notable comment came from a blockchain observer (@Chainparrot) who cited that the hard fork was a good move by Polygon Labs to keep the network fresh and exciting.
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