Polygon has recently launched a new hard fork of its network, it announced in a blog post.
The news comes after Polygon’s proof-of-stake (PoS) chain launched to scale up Ethereum’s operations, leading to faster and cheaper transactions.
The chain has developed as a major platform for decentralised apps (dApps), the company said. Multiple Web3 platforms such as Aave and Uniswap, as well as Stripe, Robinhood, and Adobe, have leveraged its technologies.
Currently, the new hard fork aims to create “immediate steps to improve Polygon PoS performance and predictability,” it added. This comes amid long-term changes and upgrades to the platform, including parallelization and Polygon zkEVM for upscaling the technologies.
Hard Fork Ambitions
According to the firm, the new hard fork aims to “reduce severity of gas spikes” and “address chain reorganizations […] to reduce time to finality.” The hard fork is set to release on 17 January.
The company is set to change its BaseFeeChangeDenomintor from 8 to 16 to accommodate the platform when gas “exceeds or falls below the target gas limits in a block.”
This uses EIP-1599, which sets the base fee for block inclusion, the company explained. Polygon can flatten growth curves with the denominator changes and expects base gas fee rates to fall to 6.25 percent, down from 12.5 percent. This will potentially stabilise severe fluctuations in gas prices.
The news comes after Polygon Studios, the creative studio incorporating Polygon’s blockchain technologies, partnered with the Sensorium Galaxy metaverse.
Polygon’s Web3 tools aim to expand and build Sensorium’s metaverse platform, native tokens, and non-fungible tokens (NFTs) among others. It will also back technologies for the SENSO dApp, Sensorium’s play-to-earn (P2E) community game for organising metaverse music events for SENSO tokens.
