{"id":539431,"date":"2023-01-15T05:38:05","date_gmt":"2023-01-15T02:38:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/polygon-primed-for-hard-fork-aimed-at-reducing-gas-fee-spikes-new-details-revealed\/"},"modified":"2023-01-15T05:38:05","modified_gmt":"2023-01-15T02:38:05","slug":"polygon-primed-for-hard-fork-aimed-at-reducing-gas-fee-spikes-new-details-revealed","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/polygon-primed-for-hard-fork-aimed-at-reducing-gas-fee-spikes-new-details-revealed\/","title":{"rendered":"# Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ec53d972f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ec53d972f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/polygon-primed-for-hard-fork-aimed-at-reducing-gas-fee-spikes-new-details-revealed\/#%E2%80%9D_Polygon_primed_for_hard_fork_aimed_at_reducing_gas_fee_spikes_New_details_revealed_%E2%80%9C\" >&#8221; Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Polygon_primed_for_hard_fork_aimed_at_reducing_gas_fee_spikes_New_details_revealed_%E2%80%9C\"><\/span>&#8221; Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain.\u00a0<\/p>\n<p>Polygon officially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/polygon.technology\/blog\/hardfork-incoming-upgrading-polygon-pos-chain-to-boost-performance\">confirmed<\/a> the hard fork event in Jan. 12 a blog post, which came after weeks of preliminary <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forum.polygon.technology\/t\/pre-pip-discussion-addressing-reorgs-and-gas-spikes\/10623\/5\">discussion<\/a> on Polygon Improvement Proposal (PIP) forum page in late December. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> GET READY FOR THE HARDFORK <\/p>\n<p>The proposed hardfork for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Polygon?src=hash&amp;ref_src=twsrc%5Etfw\">#Polygon<\/a> PoS chain will make key upgrades to the network on Jan 17th. <\/p>\n<p>This is good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> for devs &amp; users &#8212; &amp; will make for better UX.<\/p>\n<p>You will NOT need to do anything differently. Details:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/RaBWDjEGrI\">https:\/\/t.co\/RaBWDjEGrI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nipa15YQdZ\">pic.twitter.com\/nipa15YQdZ<\/a><\/p>\n<p>\u2014 Polygon (@0xPolygon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1613615306198614016?ref_src=twsrc%5Etfw\">January 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>A Polygon spokesperson also provided Cointelegraph with additional details of the hard fork on Jan. 14:<\/p>\n<blockquote><p>\u201cThe hard fork is coded for the Block &gt;= 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.\u201d<\/p><\/blockquote>\n<p>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.<\/p>\n<p>In addressing the gas spike issue, the Polygon Team explained that because the base fee price often \u201cexperiences exponential spikes\u201d when on-chain activity increases rapidly, by increasing the denominator from 8 to 16, they believe \u201cthe growth curve can be flattened\u201d and thus \u201csmooth severe fluctuations\u201d in gas prices.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/5908e0a8-a716-42a1-a0b5-30fc20e23b05.jpg\"><figcaption style=\"text-align: center;\"><em>Recent gas price spikes on the Polygon POS chain (blue) compared with Polygon\u2019s data-driven expectations post hard fork (red). Source. <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/polygon.technology\/blog\/hardfork-incoming-upgrading-polygon-pos-chain-to-boost-performance\"><em>Polygon.<\/em><\/a><\/figcaption><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Polygon tests zero-knowledge rollups, mainnet integration inbound<\/em><\/strong><\/p>\n<p>As for the chain reorganization problem, Polygon explained that by decreasing sprint length, transaction finality will improve, allowing a single block producer to add blocks continuously at a frequency of 32 seconds as opposed to the current time of 128 seconds.<\/p>\n<p>\u201cThe change will not affect the total time or number of blocks a validator produces, so there will be no change in rewards overall,\u201d they added.<\/p>\n<p>Chain reorganization occurs when a block is deleted from the blockchain to make room for the new, longer chain to ensure that all node operators have the same copy of the ledger. <\/p>\n<p>However, the reorganization must proceed as efficiently as possible as it increases the risk of a 51% attack. <\/p>\n<p>The Polygon Team also confirmed that MATIC token holders and delegators will not need to take action and that <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications will not be affected during the hard fork. <\/p>\n<p>The price of Polygon\u2019s token, MATIC is currently $0.977, up 13.6% since Polygon announced the news on Jan. 12. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/polygon-primed-for-hard-fork-aimed-at-reducing-gas-fee-spikes-new-details-revealed\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed &#8220; Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain.\u00a0 Polygon officially confirmed the hard&#8230;<\/p>\n","protected":false},"author":1,"featured_media":539432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/b6d697fe-91c0-46ca-94a2-5d681cbabfdf.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,78425,113408,74876,117,76781,73821],"class_list":["post-539431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-hard-fork","tag-polygon","tag-proof-of-stake","tag-business","tag-coding","tag-developers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/539431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=539431"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/539431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/539432"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=539431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=539431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=539431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}