{"id":687,"date":"2023-01-13T15:25:10","date_gmt":"2023-01-13T15:25:10","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=687"},"modified":"2023-03-15T12:14:22","modified_gmt":"2023-03-15T12:14:22","slug":"polygon-announces-hard-fork-on-january-17","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/polygon-announces-hard-fork-on-january-17\/","title":{"rendered":"Polygon Announces Hard Fork on January 17"},"content":{"rendered":"\n<p>Polygon has announced a proposed hard fork to its Proof-of-stake (PoS) blockchain to address the spike in gas prices and chain reorganization. The Polygon Community started talking about this hard fork in December 2022. Following the community&#8217;s approval on January 17, the proposed hard fork will occur.<\/p>\n\n\n\n<p>Consider the fact that the price of gas represents the fee that users must pay to Blockchain in order to complete transactions. It is hoped that a hard fork will align this tax with Ethereum gas dynamics. According to Polygon, the main goal of this fork is to change how users interact with blockchain.<\/p>\n\n\n\n<p>Addressing reorgs is the second goal of this hard fork. Reorgs typically happen when a computer running the Polygon Blockchain creates a new version of the Blockchain. The new Blockchain makes it difficult to determine whether a transaction was successful or not. Following this reorg, it will be quick and simple for Polygon to approve a block in order to confirm a transaction.<\/p>\n\n\n\n<p>The new hard fork will cut the length of a Polygon sprint from 64 blocks to 16. This will cut the time it takes to make a new block from 128 seconds to 32 seconds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon has announced a proposed hard fork to its Proof-of-stake (PoS) blockchain to address the spike in gas prices and chain reorganization. The Polygon Community started talking about this hard fork in December 2022. Following the community&#8217;s approval on January 17, the proposed hard fork will occur. Consider the fact that the price of gas [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,24,21],"tags":[],"class_list":{"0":"post-687","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-1-minute-read","8":"category-blockchain","9":"category-press-releases"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Polygon Announces Hard Fork on January 17<\/title>\n<meta name=\"description\" content=\"Polygon has announced a proposed hard fork to its Proof-of-stake (PoS) blockchain to address the spike in gas prices and chain reorganization. The Polygon\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/polygon-announces-hard-fork-on-january-17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polygon Announces Hard Fork on January 17\" \/>\n<meta property=\"og:description\" content=\"Polygon has announced a proposed hard fork to its Proof-of-stake (PoS) blockchain to address the spike in gas prices and chain reorganization. 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