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Polygon’s hard fork will take place on Tuesday; What changes are coming?

polygon-plans-jan-17-hard-fork-to-reduce-gas-spikes-chain-reorganizations

Polygon network will implement a hard fork on its main network on January 17th (27th), which is supposed to optimize the sudden increase of fees during the busy time of this network and also reduce the time of finalization of transactions.

According to Mihan Blockchain and quoted by Crypto Slate, Polygan Network an announcement announced that on Tuesday, January 27, version 0.3.1 of its comprehensive hard fork will be implemented. This phase of the hard fork has 2 main goals:

1- The BaseFeeChangeDenominator variable is supposed to be changed in the codebases of this project and its value will be increased from 8 to 16. This causes that Base fee (base fee) of Polygan transactions should not experience sharp increases during network congestion.. Currently, BisFi averages about 12.5% ​​of the normal level during congestion, and it is expected to decrease to 6.255 after this update.

2- The sprint length of the network is supposed to decrease from 64 blocks to 16 blocks, which is almost equivalent to a decrease from 128 seconds to 32 seconds. This means that a block chain producer has less time to introduce his chain to the network (reorgs). This work finally It helps to shorten the finalization time of a transaction, but it has no effect on the confirmation time of transactions.

Will Polygon’s upcoming hard fork reduce transaction fees?

  • In normal network times, no, but in times when the network is busy and there are many transactions, it prevents BisFi from increasing sharply.

Will Polygon’s upcoming hard fork shorten transaction confirmation times?

  • No, it only shortens the transaction finalization time.

Crypto Slate

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