Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Polygon Proposes Hard Fork to Reduce Reorgs, Gas Spikes

Altszn.com by Altszn.com
January 16, 2023
in Blockchain
0
Polygon Proposes Hard Fork to Reduce Reorgs, Gas Spikes
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter



After a heated community debate last month, Polygon Labs appears to be moving forward with plans to hard fork the network early next week, according to a blog post published on Polygon’s website Thursday.

In the post, Polygon Labs claims the hard fork—proposed to occur January 17—will help prevent network gas fee spikes and address chain reorganizations, also known as reorgs. Unlike soft forks, hard forks are not backwards-compatible and require all node operators on the network to update to the latest software at a specified time.

Some hard forks are contentious, while others are simply major upgrades to a network.

Polygon, an Ethereum sidechain, operates on the proof-of-stake mechanism and sees dramatically lower gas fees than the Ethereum mainnet. However, it’s not immune to traffic spikes that can slow the network. Polygon had its own “CryptoKitties” moment last year when the NFT game “Sunflower Farmers” clogged its network. 

The reduction in gas fee spikes will be achieved by doubling the value of the “BaseFeeChangeDenominator,” which Polygon says will “help smooth out the increase/decrease rate in baseFee for when the gas exceeds or falls below the target gas limits in a block.” 

Polygon believes the modification will work because it backtested such changes “against historical Polygon PoS mainnet data.”

But chain reorgs are another problem Polygon is looking to minimize through the hard fork update. Reorgs—which can occur because of network errors or malicious attacks—cause blockchain networks to temporarily split in two. This can lead to lost or duplicate transactions for as long as the reorg lasts. Last year, Ethereum’s Beacon chain suffered from a reorg that made the network vulnerable to attack and could have led to thousands of dollars in duplicate transactions. 

“It is still prevalent and a cause for concern among dapp developers,” said Mateusz Rzeszowski, Polygon governance facilitator, of reorgs. “One of the ways identified to mitigate the issue is to reduce the sprint length from the current 64 blocks to 16 blocks.”

This suggestion, if implemented, would reduce the amount of time it takes for a transaction to be confirmed. In turn, that could reduce the likelihood of reorgs occuring on the network.

All Polygon node operators will have to upgrade their nodes before January 17 to prepare for the hard fork, but holders of Polygon token MATIC will not need to take any action. Any decentralized applications (dapps) such as Web3 games will not need to take action either. 

A sassy AI-powered bot using GPT-3 caught hold of the Polygon hard fork news and offered its take on Twitter.

“Nothing like drastic changes to keep things fresh and exciting,” it said.

Oh great, Polygon’s Blockchain is undergoing a hard fork… nothing like drastic changes to keep things fresh and exciting! #blockchain #hardfork Sent by GPT3.

— Chain Parrot (@chainparrot) January 12, 2023

Stay on top of crypto news, get daily updates in your inbox.





Read More: decrypt.co

Tags: BlockchainForkGasHardPolygonProposesreducereorgsspikes
ADVERTISEMENT

Recent

Browser Crypto Mining in 2025: Still Worth It?

Browser Crypto Mining in 2025: Still Worth It?

May 8, 2025
Bitcoin DeFi sees surge in mining participation despite drop in TVL

Bitcoin DeFi sees surge in mining participation despite drop in TVL

May 8, 2025
Sweat wallet adds AI assistant and expands to multichain DeFi

Sweat wallet adds AI assistant and expands to multichain DeFi

May 8, 2025

Categories

  • Bitcoin (4,987)
  • Blockchain (11,678)
  • Crypto (9,618)
  • Dark Web (577)
  • DeFi (8,527)
  • Ethereum (5,053)
  • Metaverse (7,821)
  • Monero (312)
  • NFT (1,633)
  • Solana (5,115)
  • Web3 (21,094)
  • Zcash (509)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Browser Crypto Mining in 2025: Still Worth It?

    Browser Crypto Mining in 2025: Still Worth It?

    May 8, 2025
    Bitcoin DeFi sees surge in mining participation despite drop in TVL

    Bitcoin DeFi sees surge in mining participation despite drop in TVL

    May 8, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 102,192.00
    • ethereumEthereum (ETH) $ 2,149.35
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.28
    • bnbBNB (BNB) $ 622.95
    • solanaSolana (SOL) $ 161.52
    • usd-coinUSDC (USDC) $ 0.999976
    • dogecoinDogecoin (DOGE) $ 0.192566
    • cardanoCardano (ADA) $ 0.745566
    • tronTRON (TRX) $ 0.255017
    • staked-etherLido Staked Ether (STETH) $ 2,145.27
    • suiSui (SUI) $ 3.94
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,510.00
    • chainlinkChainlink (LINK) $ 15.65
    • avalanche-2Avalanche (AVAX) $ 21.61
    • stellarStellar (XLM) $ 0.285889
    • wrapped-stethWrapped stETH (WSTETH) $ 2,559.51
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • bitcoin-cashBitcoin Cash (BCH) $ 419.47
    • leo-tokenLEO Token (LEO) $ 8.86
    • pi-networkPi Network (PI) $ 0.639455
    • hedera-hashgraphHedera (HBAR) $ 0.192577
    • usdsUSDS (USDS) $ 0.999902
    • the-open-networkToncoin (TON) $ 3.21
    • hyperliquidHyperliquid (HYPE) $ 23.19
    • litecoinLitecoin (LTC) $ 93.31
    • polkadotPolkadot (DOT) $ 4.37
    • wethWETH (WETH) $ 2,147.72
    • moneroMonero (XMR) $ 296.99
    • bitget-tokenBitget Token (BGB) $ 4.46
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998252
    • wrapped-eethWrapped eETH (WEETH) $ 2,290.97
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 101,997.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • pepePepe (PEPE) $ 0.000011
    • whitebitWhiteBIT Coin (WBT) $ 30.34
    • bittensorBittensor (TAO) $ 416.90
    • uniswapUniswap (UNI) $ 5.68
    • daiDai (DAI) $ 0.999994
    • aptosAptos (APT) $ 5.35
    • nearNEAR Protocol (NEAR) $ 2.64
    • susdssUSDS (SUSDS) $ 1.05
    • okbOKB (OKB) $ 52.74
    • ondo-financeOndo (ONDO) $ 0.961708
    • aaveAave (AAVE) $ 199.32
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.097570
    • ethereum-classicEthereum Classic (ETC) $ 18.14
    • internet-computerInternet Computer (ICP) $ 5.12
    • gatechain-tokenGate (GT) $ 21.81
    • bitcoinBitcoin (BTC) $ 102,192.00
    • ethereumEthereum (ETH) $ 2,149.35
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.28
    • bnbBNB (BNB) $ 622.95
    • solanaSolana (SOL) $ 161.52
    • usd-coinUSDC (USDC) $ 0.999976
    • dogecoinDogecoin (DOGE) $ 0.192566
    • cardanoCardano (ADA) $ 0.745566
    • tronTRON (TRX) $ 0.255017
    • staked-etherLido Staked Ether (STETH) $ 2,145.27
    • suiSui (SUI) $ 3.94
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,510.00
    • chainlinkChainlink (LINK) $ 15.65
    • avalanche-2Avalanche (AVAX) $ 21.61
    • stellarStellar (XLM) $ 0.285889
    • wrapped-stethWrapped stETH (WSTETH) $ 2,559.51
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • bitcoin-cashBitcoin Cash (BCH) $ 419.47
    • leo-tokenLEO Token (LEO) $ 8.86
    • pi-networkPi Network (PI) $ 0.639455
    • hedera-hashgraphHedera (HBAR) $ 0.192577
    • usdsUSDS (USDS) $ 0.999902
    • the-open-networkToncoin (TON) $ 3.21
    • hyperliquidHyperliquid (HYPE) $ 23.19
    • litecoinLitecoin (LTC) $ 93.31
    • polkadotPolkadot (DOT) $ 4.37
    • wethWETH (WETH) $ 2,147.72
    • moneroMonero (XMR) $ 296.99
    • bitget-tokenBitget Token (BGB) $ 4.46
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998252
    • wrapped-eethWrapped eETH (WEETH) $ 2,290.97
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 101,997.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • pepePepe (PEPE) $ 0.000011
    • whitebitWhiteBIT Coin (WBT) $ 30.34
    • bittensorBittensor (TAO) $ 416.90
    • uniswapUniswap (UNI) $ 5.68
    • daiDai (DAI) $ 0.999994
    • aptosAptos (APT) $ 5.35
    • nearNEAR Protocol (NEAR) $ 2.64
    • susdssUSDS (SUSDS) $ 1.05
    • okbOKB (OKB) $ 52.74
    • ondo-financeOndo (ONDO) $ 0.961708
    • aaveAave (AAVE) $ 199.32
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.097570
    • ethereum-classicEthereum Classic (ETC) $ 18.14
    • internet-computerInternet Computer (ICP) $ 5.12
    • gatechain-tokenGate (GT) $ 21.81