Polygon has now taken the Ethereum EIP-1559 upgrade live on its mainnet on block 23850000.
The upgrade brings gas fee predictability, a deflationary system, a reduction in spam transactions, and fixes network congestion.
The EIP-1559 upgrade, which launched on Ethereum (ETH) last August, is now live on the network’s scaling solution, Polygon (MATIC).
For Ethereum, the upgrade came with the London hard fork, introducing gas fee predictability and token burning. Polygon, on the other hand, first introduced the upgrade on the Mumbai testnet on Jan. 17. Following its successful deployment, the team has now taken the upgrade live on the Polygon Mainnet about four hours ago at block 23850000.
Just like in Ethereum, EIP-1559 improves “fee visibility” on Polygon. It also brings the same fee-burning mechanism, destroying MATIC tokens. And even though it does not effectively cut down on transaction costs, the upgrade does away with the first-price auction method of calculating gas fees.
