{"id":288682,"date":"2023-01-13T12:30:05","date_gmt":"2023-01-13T12:30:05","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=288682"},"modified":"2023-01-13T12:29:18","modified_gmt":"2023-01-13T12:29:18","slug":"polygon-plans-jan-17-hard-fork-to-reduce-gas-spikes-chain-reorganizations","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/polygon-plans-jan-17-hard-fork-to-reduce-gas-spikes-chain-reorganizations\/","title":{"rendered":"Polygon plans Jan. 17 hard fork to reduce gas fees"},"content":{"rendered":"<p>Ethereum (<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>) Layer-2 network Polygon (<a href=\"https:\/\/cryptoslate.com\/coins\/polygon\/\">MATIC<\/a>) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 <a href=\"https:\/\/polygon.technology\/blog\/hardfork-incoming-upgrading-polygon-pos-chain-to-boost-performance\">statement<\/a>.<\/p>\n<h2>Polygon gas spike reduction<\/h2>\n<p><span style=\"color: #383838; font-size: 16px;\">Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network congestion.<\/span><\/p>\n<p>The hard fork proposal is designed to reduce these gas spikes by changing the BaseFeeChangeDenominator to 16 from 8, dropping base gas fees to 6.25% from 12.5%.<\/p>\n<p>The design will smoothen the rate at which the base fee increases or decreases when the gas fee is higher or lower than the target gas limits for a block.<\/p>\n<p>Polygon added that gas fees will still increase during peak demand. However, it will align with how Ethereum gas dynamics work.<\/p>\n<blockquote><p>&#8220;The goal is to smooth out spikes and ensure a more seamless experience when interacting with the chain.&#8221;<\/p><\/blockquote>\n<h2>Chain reorganization<\/h2>\n<p>The hard fork also fixes chain reorganization (reorgs) by decreasing sprint length to 16 blocks from 64. This will significantly reduce the time a block producer can continuously produce blocks and the depth of reorgs.<\/p>\n<p>While this won\u2019t affect transaction time, it is expected to reduce the depth and frequency of reorgs, thereby improving transaction finality.<\/p>\n<p>The hard fork will not affect how users interact with Polygon or its decentralized applications. Node operators have to upgrade their nodes before Jan. 17.<\/p>\n<p>Polygon has enjoyed significant growth over the past year, <a href=\"https:\/\/cryptoslate.com\/looking-back-on-the-year-with-polygon-increase-in-transactions-new-collaborations-and-more\/\">attracting<\/a> several brands and projects to the network. Asides from these short-term technical upgrades, the layer2 network is also working on long-term upgrades like parallelization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH) Layer-2 network Polygon (MATIC) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 statement. Polygon gas spike reduction Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network congestion. [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":288699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76736],"tags":[72190,78301,76918],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polygon plans Jan. 17 hard fork to reduce gas fees<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/polygon-plans-jan-17-hard-fork-to-reduce-gas-spikes-chain-reorganizations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polygon plans Jan. 17 hard fork to reduce gas fees\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH) Layer-2 network Polygon (MATIC) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 statement. Polygon gas spike reduction Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network congestion. 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