• Polygon plans to launch its hard fork on January 17 to prevent gas fee hike and decrease reorgs.
• The hard fork aims to limit the increasing gas fee along with address chain reorganization which is called as reorgs.
• The proposed hard fork for the Polygon PoS chain will make key upgrades to the network on Jan 17th.

The crypto space is abuzz with news that the Polygon network will be launching its hard fork on January 17th, 2023. The hard fork has been planned to prevent gas fee hikes and to decrease reorgs (address chain reorganization).

The hard fork has been an initiative taken up by the Polygon Governance Team, which had invited the community to discuss the changes in the Polygon PoS chain in the last month. The latest updates come with the network planning to launch its hard fork by next week.

The primary goal of the hard fork is to limit the increasing gas fee. Gas fees have been increasing on the network as the activity over the network has been increasing. Polygon runs on a proof-of-stake mechanism, which has comparatively lower gas fee than Ethereum. However, the network speed often suffers when the activity over the network increases, which is why the hard fork aims to reduce gas fee surges.

The hard fork will also address address chain reorganization, which is referred to as reorgs. Reorgs occur when two or more miners are trying to mine the same block and the blockchain reorganizes itself. This can cause the transactions to be reversed, which is why the hard fork is aiming to reduce reorgs.

The proposed hard fork for the Polygon PoS chain will make key upgrades to the network on Jan 17th. This is good news for developers and users alike, and will ultimately make for a better user experience. Users will not need to do anything differently in order to take advantage of the hard fork.

The Polygon network is one of the most widely used networks in the cryptocurrency space and the upcoming hard fork is sure to bring further improvements to the network. Those who are part of the Polygon network should be sure to keep an eye out for the hard fork next week in order to get the most out of the network.