The Polygon (MATIC) side chain is preparing for a hard fork performance on January 17, particularly to improve transaction fees on the network during peak usage. In addition, block production will be reorganized so that it is more flexible within different validators.
New Polygon update
While that side polygon (MATIC) continues to welcome its share of decentralized applications (dApps) and continues to score as the destination of choice for most traditional players, as demonstrated recently by its recent partnership with Mastercard, it is poised to Upgrade to maximize scalability.
So, based on various discussions within the Polygon forum and various observations, a Hard fork From the side series it will run tomorrow, Tuesday, January 17thvalidators on the network are already invited to update their nodes to the new version.
One Hard forkin contrast to a Soft fork, makes it possible to modify network rules in an immutable manner after mutual agreement by the community (DAO) and validators. To learn more about this principle, we invite you to read our article dedicated to the difference between Difficult And Soft fork.
Thus the hard fork will modify the consensus rules of the Polygon networkThis is done through the following two axes:
- Reduce the impact of a large number of concurrent transactions on network fees ;
- See Side chain arrangement in order Improve block validation time.
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Optimization of transaction costs
To solve this first point, Polygon wishes to ‘smooth’ the cost curves inherent in network usage, Especially when the latter experiences peaks of usage. To do this, the value of “BaseFeeChangeDenominator” will be multiplied by 2 in order to determine the increments Gas in blocks.
For a transaction to be included in a block, a gas fee is required. […] An increase in the price of gas is normal when there is an increase in demand for any blockchain protocol. But “gas booms”, which represent exponential price growth, are not. »
Figure 1 – Gas price in the current form of the Polygon network (in blue), then in the post fork version (in red)
According to the statement, this change should significantly reduce major price volatility while respecting the “gas dynamics of Ethereum (ETH).” In short, during peak periods on the network, The increase in transaction fees should be much lower.
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Side chain realignment
To simplify this mechanism some technical aspects are presented somewhat on porchin (responsible for producing blocks on Polygon), The reorganization aims to reduce the number of blocks produced by a single validator In order to reduce their impact on the purpose of transactions.
This privacy, called enemy length Hence will be greatly reduced since then The block production per validator will drop from 64 to just 16 blocks. In terms of the timescale, the duration granted to the same validator will decrease from 128 to approximately 32 seconds.
Figure 2 – Illustration of rearranging blocks on a Polygon
“By decreasing the duration of the sprint, the time for which the validator continuously produces blocks decreases. The result? A decrease in the risk of a secondary or third validator (who did not detect the primary validator) interfering with block production, Which reduces the number of reorders in general. »
The polygon press release specifies that the number of blocks produced finally by each validator will remain unchanged, and thus the rewards given to them will remain the same.
MATIC is currently priced at $0.99, which is An increase of 18% over the past seven days.
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