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Polygon Proposes a Hardfork to Reduce Gas Fee Spikes

Polygon blockchain developers have recently proposed a hard fork upgrade according to the latest updates. The proposal has been issued by the developers that are associated with Polygon Labs.

The PoS blockchain has decided to go for this solution to address the issues like reorgs and the inflation of gas fees.

It is important to note that the issue about the reorgs is about the inorganic reorganization of chains on Polygon. Thus, the security and performance of the Polygon network are compromised. However, the update will only go into effect if it has been approved by the Polygon community members.

The hardfork update is going to be the first step towards achieving an update on the technical capabilities of the Polygon sidechains. The devs are working on improving the features like parallelization and Zero Knowledge EVMs for the Polygon network. It is important to note that Polygon is a layer 2 solution on the Ethereum blockchain.

Polygon is responsible for supporting some of the biggest DeFi projections such as Uniswap and AAVA. It is also associated with some big online enterprises such as Robinhood, Adobe, and Stripe.

Whenever the Polygon chain is reorganized the issue creates a temporary new version of the blockchain that is divergent from the genesis network. These new blocks may also overwrite their older version on account of the time-lapse for the nodes’ consensus.

Chain Reorganization and Gas Inflation

The hardfork will allow the polygon validators to create consecutive blocks for a short duration and reduce the block time from 1298 to 32 seconds. The other major agenda is to solve the issue related to gas inflation on the Polygon network.

Gas inflation happens on account of the Base Fee Change Denominator. The hardfork is also going to reduce the duration for the Base Fee Change Denominator from 8 to 16.

In this manner, it could fix the rate of change for the base fee. The Base Fee Change Denominator is a scale for measuring the inverse change in the base fee for every transaction. It depends on the demand of each block space.

The changes made by hard fork are going to reduce the fluctuations taking place in the gas fees during the trading volume spikes and make the user interaction a positive experience.

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