Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed

Polygon told Cointelegraph that the hard fork will take effect at block 38,189,056, which will be initiated without the influence of centralized actors.

Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganization issues that have affected user experience on the Polygon proof-of-stake (PoS) chain. 

Polygon officially confirmed the hard fork event on Jan. 12 in a blog post, which came after weeks of preliminary discussion on the Polygon Improvement Proposal (PIP) forum page in late December.

A Polygon spokesperson also provided Cointelegraph with additional details of the hard fork on Jan. 14:

“The hard fork is coded for the Block >= 38,189,056. No centralized, single actor is going to initiate it. Validators of the network have to update their nodes prior to the indicated block, and they are already doing so.”

87% of the 15 voters of the Polygon Governance Team voted in favor of increasing the BaseFeeChangeDenominator function from 8 to 16 to reduce gas fee spikes and to decrease the SprintLength function from 64 blocks to 16 in order to fix the chain reorganization problem.

In addressing the gas spike issue, the Polygon Team explained that because the base fee price often “experiences exponential spikes” when on-chain activity increases rapidly, by increasing the denominator from 8 to 16, they believe “the growth curve can be flattened” and thus “smooth severe fluctuations” in gas prices.

Source : cointelegraph

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