Cointime

Download App
iOS & Android

Building a Better Protocol Together With Polygon Improvement Proposals (PIP)

Validated Project

A critical aspect of any blockchain ecosystem is the ability of a blockchain community to decide how the protocol is managed. Facilitating and socially coordinating upgrades to a blockchain network based on community feedback is what the Polygon Improvement Proposal (PIP) framework aims to accomplish.

The PIP framework provides a mechanism for the developer community to inform, propose, and gather technical feedback on new features. As a transparent and versioned repository, it enhances accountability, inclusion and self-governance by creating a historical record of all feature proposals, including their revision history and implementation progress.

For Polygon PoS, there is no single locus of control and all decisions are made by distributed consensus. An agreement among the parties providing the stake validating the network is the only manner of enacting change. What PIPs add to the mix is a social coordination component to facilitate good decision making by that community consensus pool.

The blockchain space has a rich history of developing mechanisms for this coordination, starting with the first Bitcoin Improvement Proposal more than a decade ago that laid out the BIP framework. The Ethereum community borrowed heavily from that experience in creating its own Ethereum Improvement Proposal framework, which since has been used to enact major protocol changes including introduction of the non-fungible token standard, fee burning and the upgrade to Proof-of-Stake.

The PIP framework is modeled after the BIP and EIP approaches and builds on that rich heritage of learning. Here is all you need to know to get started.

PIPs 101

PIPs describe standards and design specifications decided by the community for the Polygon network, including core protocol specifications, such as Heimdall and Bor chains of the Polygon PoS, client APIs, contract standards, and more. A PIP is a design document providing information to the Polygon community, or describing a new feature of the Polygon network or network processes.

Here's a high-level summary:

  • Anyone within the Polygon community has the ability to create a PIP.
  • A PIP provides a concise technical specification as well as the motivation behind the proposal.
  • The PIP author is responsible for reaching consensus within the community and documenting alternative opinions.
  • Most PIP authors are application or protocol developers as a well-formed PIP requires a high degree of technical detail.

The recent Delhi hardfork of the Polygon PoS aimed at reducing severity of gas spikes and addressed chain reorgs. PIP-4 and a framework for evaluating validator performance are additional examples of PIPs in action. But PIPs can come in a number of flavors:

  • Core: Changes that are not strictly necessary for reaching consensus but may still be pertinent to core components, such as Heimdall and Bor improvements.
  • Contracts: Upgrades to the core contracts deployed on Ethereum.
  • Interface: Improvements to client API/RPC specifications and standards, as well as some language-level standards like method names and contract ABIs.
  • Informational: Recommendations, information, or general thoughts on an issue posted to the broader community. An informational PIP does not require consensus of the validating stake, but it may be adopted by the larger ecosystem, for example, as a new token standard.

How to PIP

Step 1 - Publish your proposal on the Polygon Community Forum to engage with the community and gather their feedback. Authors should generally provide all relevant information here when drafting a PIP.

Step 2 - Create a pull request so that a PIP editor can either assign a number and status to your proposal or suggest changes to it. Your proposal is now officially ready for peer review.

Step 3 - PIPs are then peer reviewed and discussed in Polygon Builder Sessions, where the proposal is communicated to the larger community.

Step 4 - The 'Last Call' status will be assigned by editors to collect feedback over the following 14 days.

Step 5 - After all feedback has been taken into account, the final step lays the groundwork for the developer team to start prioritizing and implementing the PIP.

If the PIP author withdraws the proposal, it cannot be resubmitted under the same PIP number and will be considered as a new proposal if the idea is pursued at a later date.

The goal of PIPs is to facilitate community involvement in shaping the future of the Polygon PoS protocol by providing a forum for members to offer suggestions and vote on proposed changes, as well as to establish and promote new standards and recognize outstanding contributions from members of the community.

Head over to forum.polygon.technology to sign up and start participating in community discussions.Have further questions? Visit the FAQ page to read more. Tune into our blog and check out our social channels for the latest on the Polygon network ecosystem.

Together, we can build an equitable future for all through mass adoption of Web3!

Read more: https://www.polygon.technology/blog/building-a-better-protocol-together-with-polygon-improvement-proposals-pip

Get the latest news here: Cointime channel — https://t.me/cointime_en

Comments

All Comments

Recommended for you

  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

    Indian billionaire Gautam Adani and his nephew, Sahil Adani, have been subpoenaed by the US Securities and Exchange Commission (SEC) to explain allegations of paying over $250 million in bribes to win solar power contracts. According to the Press Trust of India (PTI), the subpoena has been delivered to the Adani family's residence in Ahmedabad, a city in western India, and they have been given 21 days to respond. The notice, issued on November 21 by the Eastern District Court of New York, states that if the Adani family fails to respond on time, a default judgment will be made against them.

  • U.S. Congressman: SEC Commissioner Hester Peirce may become the new acting chairman of the SEC

    US Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chair of the US Securities and Exchange Commission (SEC). He noted that current chair Gary Gensler will step down on January 20, 2025, and the Republican Party will take over the SEC, with Peirce expected to succeed him.

  • Tether spokesperson: The relationship with Cantor is purely business, and the claim that Lutnick influenced regulatory actions is pure nonsense

     a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely a business relationship based on managing reserves. Claims that Howard Lutnick's joining the transition team in some way implies an influence on regulatory actions are baseless."

  • Bitwise CEO warns that ETHW is not suitable for all investors and has high risks and high volatility

    Hunter Horsley, CEO of Bitwise, posted on X platform that he was happy to see capital inflows into Bitwise's Ethereum exchange-traded fund ETHW, iShares, and Fidelity this Friday. He reminded that ETHW is not a registered investment company under the U.S. Investment Company Act of 1940 and therefore is not protected by the law. ETHW is not suitable for all investors due to its high risk and volatility.

  • Musk said he liked the "WOULD" meme, and the related tokens rose 400 times in a short period of time

    Musk posted a picture on his social media platform saying he likes the "WOULD" meme. As a result, the meme coin with the same name briefly surged. According to GMGN data, the meme coin with the same name created 123 days ago surged over 400 times in a short period of time, with a current market value of 4.5 million US dollars. Reminder to users: Meme coins have no practical use cases, prices are highly volatile, and investment should be cautious.

  • Victory Securities: Funding Rates halved and fell, Bitcoin's short-term direction is not one-sided

    Zhou Lele, the Vice Chief Operating Officer of Victory Securities, analyzed that the macro and high-level negative impact risks in the cryptocurrency market have passed. The risks are now more focused on expected realization, such as the American entrepreneur Musk and the American "Efficiency Department" (DOGE) led by Ramaswamy. After media reports, the increase in Dogecoin ($DOGE) was only 5.7%, while Dogecoin rose by 83% in the week when the US election results were announced. Last week, the net inflow of off-exchange Bitcoin ETF was US$1.67 billion, and the holdings of exchange contracts and CME contracts remained high, but the funding rates halved and fell back, indicating that the direction of Bitcoin in the short term is not one-sided, and bears are also accumulating strength.

  • MarbleX and Netmarble Launch $20 Million Ecosystem Promotion Plan

    Ethereum game platform Immutable has announced a partnership with the blockchain game division Marblex of South Korean gaming giant Netmarble. The collaboration will migrate Marblex's ecosystem and its multiple games from the Klaytn blockchain to the Ethereum Layer 2 network Immutable zkEVM. The games include "Ni no Kuni: Cross Worlds", "A3: Still Alive" and "Meta World: My City", and the two parties will also launch an "ecosystem promotion plan" to provide up to $20 million in support to developers to attract new games to join Marblex and Immutable. It is currently unclear whether the Immutable migration will affect Saga's plans, and the project representatives have not commented on the issue.

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

  • In April, Polygon’s on-chain NFT sales exceeded US$50 million, setting the second highest record of the year

    According to Cryptoslam data, the NFT sales on Polygon chain in April exceeded 50 million US dollars, reaching 51,539,690.69 US dollars, setting the second highest monthly sales record in 2024, second only to January's sales of 112 million US dollars this year. In addition, the NFT trading volume on Polygon chain in April increased significantly to 1.5 million transactions, with nearly 90,000 independent sellers and over 33,000 independent buyers.