Monday, February 6, 2023
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • en English
    ar Arabicbg Bulgarianzh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Crypto Miracles
Advertisement
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Ripple
    • Altcoin
    • Press Release
  • Blockchain
  • People
    • Opinion
    • Interview
  • Business
  • Technology
  • Market
  • Analysis
  • Live Price
  • Regulation
  • Guide
No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Ripple
    • Altcoin
    • Press Release
  • Blockchain
  • People
    • Opinion
    • Interview
  • Business
  • Technology
  • Market
  • Analysis
  • Live Price
  • Regulation
  • Guide
No Result
View All Result
Crypto Miracles
No Result
View All Result
Home Market

Polygon upgrade to address gas-fee spikes and chain reorgs

January 17, 2023
in Market
Reading Time: 3 mins read
0
Polygon upgrade to address gas-fee spikes and chain reorgs
Share on FacebookShare on TwitterPinShare on Reddit


  • Polygon announced the scheduled hard fork had succeeded on Tuesday, 17 January, 2023.
  • The software upgrades will help address the issue of gas-fee spikes and potentially disruptive chain reorganizations.
  • Polygon is looking at other technical upgrades such as zkEVM and parallelization as the team eyes further improvements to the network.

Polygon, the Web3 infrastructure platform built on Ethereum, has successfully completed its scheduled mainnet upgrade, according to an announcement from the team behind the blockchain project.

Upgrade to help boost Polygon performance

The proof-of-stake (PoS) upgrade is a hard fork that the community approved in a recent vote, with the implementation aimed at reducing gas fees spikes on the Ethereum scaling solution. With the hard fork it means that although the network could still see spiking gas fees during peak demand sessions, this will now more likely mirror Ethereum’s current gas dynamics.

According to the Polygon team, the upgrade will smooth out any gas fee spikes and allow for seamless interaction with the chain.

The software update is also meant to address chain reorganizations, or “reorgs”, which can impact transaction finality and be disruptive to the chain.

Polygon highlighted the above proposals in a post published on 12 January.

Alongside the completed hard fork that is set to boost network performance and predictability, there are longer-term targets still aimed at making the blockchain protocol ideal for a growing community of users. These will include technical upgrades such as parallelization and Polygon zkEVM being worked on.

Major Web3 projects such as Uniswap and Aave are on the Polygon PoS chain, along with thousands of other decentralised applications (dApps). The chain has registered more than 207 million unique addresses and processed over 2.3 billion transactions.


Share this article

Categories

Tags





Source link

Related articles

charlie munger us ban cryptocurrencies

Charlie Munger wants the U.S. to ban cryptocurrencies

February 5, 2023
Bitcoin sees $23.3K amid market reaction to US jobs report

Bitcoin sees $23.3K amid market reaction to US jobs report

February 3, 2023
Share2Tweet1PinShare
Previous Post

BNB Chain burns 2 million BNB worth over $500 million

Next Post

Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months – Defi Bitcoin News

Related Posts

charlie munger us ban cryptocurrencies

Charlie Munger wants the U.S. to ban cryptocurrencies

by cryptomiracles
February 5, 2023

Charlie Munger reiterates his view on cryptocurrencies. He lauds China for executing a full ban on cryptocurrencies. Cryptocurrencies are having...

Bitcoin sees $23.3K amid market reaction to US jobs report

Bitcoin sees $23.3K amid market reaction to US jobs report

by cryptomiracles
February 3, 2023

Bitcoin price fell slightly to retest support near $23,250 on Friday. The top cryptocurrency’s price action mirrored early trades on...

MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin

MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin

by cryptomiracles
February 3, 2023

MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in...

Solana-based crypto lender Everlend Finance shuts down app

Solana-based crypto lender Everlend Finance shuts down app

by cryptomiracles
February 2, 2023

Everlend Finance has closed down its lending app. Users have been advised to withdraw their assets. The crypto lender has...

Ethereum price after Zhejiang testnet launch

Ethereum price after Zhejiang testnet launch

by cryptomiracles
February 2, 2023

The Ethereum Zhejiang public testnet went live on February 1, just according to the plan. The testnet paves the way...

Load More
Next Post
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months

Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months – Defi Bitcoin News

Floki announces partnership with Binance Pay

Floki announces partnership with Binance Pay

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions.

14 − eight =

Crypto Miracles

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics, and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Business
  • Dogecoin
  • Ethereum
  • Guide
  • Interview
  • Litecoin
  • Market
  • Opinion
  • Press Release
  • Regulation
  • Ripple
  • Technology
  • Uncategorized

Recent Posts

  • Starkware Plans to Open Source Key Tech Linked to Starknet Prover – Bitcoin News
  • Interpol Is Figuring Out How the Metaverse Will Be Policed – Metaverse Bitcoin News
  • India to Introduce Measures Around Crypto This Year, Says Government Official – Regulation Bitcoin News

Newsletter

    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions

    cryptomiracles.com © 2021 All rights reserved.

    No Result
    View All Result
    • Home
    • Crypto News
      • Bitcoin
      • Ethereum
      • Dogecoin
      • Litecoin
      • Ripple
      • Altcoin
      • Press Release
    • Blockchain
    • People
      • Opinion
      • Interview
    • Business
    • Technology
    • Market
    • Analysis
    • Live Price
    • Regulation
    • Guide

    cryptomiracles.com © 2021 All rights reserved.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.