The Ethereum scaling blockchain project, Polygon, has revealed plans to initiate a hard fork on January 17, 2023.
The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will “reduce the severity of gas spikes” and “address chain reorganizations in an effort to reduce time to finality.”On Jan. 12, 2023, the Polygon teamthe community to “get ready for the hard fork” as developers have plans to upgrade the chain on Jan. 17, 2023.
In order to reduce gas spikes, Polygon aims to change the “basefeechangedenominator” from the current value of 8 to 16. “This will help smooth out the increase/decrease rate in basefee for when the gas exceeds or falls below the target gas limits in a block,” according to the Polygon team’s blog post about the subject., has recently entered the top ten standings in terms of crypto assets ranked by market capitalization. MATIC is up 23.4% over the last week against the U.S. dollar.
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