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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.

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%.

(By Oluwapelumi Adejumo)

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