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Ethereum layer-2 scaling answer Polygon will bear a tough fork on Jan. 17 as a way to deal with fuel spikes and chain reorganizations points that has affected consumer expertise on the Polygon proof-of-stake (POS) chain.
Polygon formally confirmed the arduous fork occasion in Jan. 12 a weblog submit, which got here after weeks of preliminary discussion on Polygon Enchancment Proposal (PIP) discussion board web page in late December.
GET READY FOR THE HARDFORK
The proposed hardfork for the #Polygon PoS chain will make key upgrades to the community on Jan seventeenth.
That is excellent news for devs & customers — & will make for higher UX.
You’ll NOT have to do something in another way. Particulars:https://t.co/RaBWDjEGrI pic.twitter.com/nipa15YQdZ
— Polygon (@0xPolygon) January 12, 2023
A Polygon spokesperson additionally offered Cointelegraph with extra particulars of the arduous fork on Jan. 14:
“The arduous fork is coded for the Block >= 38,189,056. No centralized, single actor goes to provoke it. Validators of the community must replace their nodes previous to the indicated block, and they’re already doing so.”
87% of the 15 voters of the Polygon Governance Staff voted in favor of accelerating the BaseFeeChangeDenominator operate from 8 to 16 to scale back fuel charge spikes and to lower the SprintLength operate from 64 blocks to 16 as a way to repair the chain reorganization drawback.
In addressing the fuel spike difficulty, the Polygon Staff defined that as a result of the bottom charge worth usually “experiences exponential spikes” when on-chain exercise will increase quickly, by growing the denominator from 8 to 16, they imagine “the expansion curve may be flattened” and thus “easy extreme fluctuations” in fuel costs.
Associated: Polygon assessments zero-knowledge rollups, mainnet integration inbound
As for the chain reorganization drawback, Polygon defined that by reducing dash size, transaction finality will enhance, permitting a single block producer so as to add blocks constantly at a frequency of 32 seconds versus the present time of 128 seconds.
“The change won’t have an effect on the whole time or variety of blocks a validator produces, so there can be no change in rewards general,” they added.
Chain reorganization happens when a block is deleted from the blockchain to make room for the brand new, longer chain to make sure that all node operators have the identical copy of the ledger.
Nonetheless, the reorganization should proceed as effectively as potential because it will increase the chance of a 51% assault.
The Polygon Staff additionally confirmed that MATIC token holders and delegators won’t have to take motion and that functions won’t be affected through the arduous fork.
The worth of Polygon’s token, MATIC is at present $0.977, up 13.6% since Polygon introduced the information on Jan. 12.
