Polygon plans Jan. 17 hard fork to reduce gas fees

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.
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%.
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.
Polygon added that gas fees will still increase during peak demand. However, it will align with how Ethereum gas dynamics work.
“The goal is to smooth out spikes and ensure a more seamless experience when interacting with the chain.”
Chain reorganization
The hard fork also fixes chain reorganization (reorgs)

Czytaj więcej

We współpracy z: https://cryptoslate.com/polygon-plans-jan-17-hard-fork-to-reduce-gas-spikes-chain-reorganizations/

Total
0
Shares
Dodaj komentarz

Podobne Wpisy