Polygon Completes Hard Fork to Reduce Gas Fee Spikes, Disruptive Reorgs

Ethereum scaling project 0xPolygon went through a successful hard fork, cryptauxmargaux reports

The software upgrade occurred atproposals included in the hard fork

were put forth in December. Some 87% of Polygon validator teams that participated voted for approval. Only 15 validator teams took part in the voting process, which is extremely low given the number of active validators at a time is limited to 100. The first proposal adjusted a mechanism that sets gas fees – a kind of tax one pays in order to transact on the blockchain. The new mechanism aims to keep gas prices low when there is a lot of activity on the network.

The second proposal aims to reduce the amount of time it takes to finalize a data block – part of an effort to prevent frequent reorgs, which occur when a validator node receives information that temporarily creates a new version of the blockchain., is up nearly 15% over the last seven days – in keeping with a broad rally in digital-asset markets.Read more about

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