Polygon(MATIC), implements Madurai hard fork… Block processing capacity increased by 33%· Speed "fixed at 1 second"

Polygon (MATIC) has implemented the “Madhugiri Hard Fork” to enhance its mainnet performance. This upgrade has increased transaction processing capacity by 33% and laid a technical foundation for greater flexibility in future network development.

The hard fork took effect at block height 80,084,800 on December 9 at 7:00 PM Korea time. The main changes include raising the gas limit per block from 30 million to 45 million, allowing the network to process more transaction data and directly improving network scalability. Block production time is now fixed at 1 second, further accelerating processing speed.

Through this hard fork, the Polygon development team has also introduced more flexible methods for adjusting network settings. System changes that previously required a hard fork can now be implemented through simple parameter adjustments via proposals (PIP 75).

Additionally, this upgrade incorporates key improvement proposals EIP-7823, 7825, and 7883, recently adopted in Ethereum’s “Fusaka” hard fork. These bring increased data processing efficiency, higher gas fees for certain complex transactions, per-transaction data size limits, and enhanced network security.

A new transaction type for cross-chain bridge transfers has also been introduced, expected to make asset transfers between Ethereum and Polygon more efficient. The Polygon Foundation stated that this hard fork will be applied automatically, and no action is required from users or dApps.

Recently, Polygon has continued to take strategic actions to create a payment-friendly ecosystem. Last month, it partnered with Mastercard on the “Crypto Credential” project, a simple wallet address service based on Polygon, aimed at improving accessibility to digital payments. Polygon is also positioning itself as the foundational network for scaling stablecoins and fintech payment infrastructure.

However, Polygon’s market performance has been somewhat sluggish. Its token MATIC hit a historic low of $0.117 (about 172 KRW) on December 2. Although it has since rebounded by about 2%, its monthly decline still exceeds 30%, making it one of the underperformers among smart contract platforms. Compared to the March high (around 1,896 KRW), the drop exceeds 90%.

Article summary by TokenPost.ai

🔎 Market Interpretation

Polygon is strengthening its “speed and scalability” through technical improvements, continuing to advance its strategy as digital payment infrastructure. However, its token performance reflects low market investment sentiment.

💡 Strategic Points

The increased block gas limit and optimization of peer-to-peer transactions may serve as the foundation for dApp ecosystem expansion. Notable are its developer-friendly changes and strengthened partnerships related to payments.

📘 Terminology

• Hard Fork: A major change to blockchain software that is incompatible with previous versions, resulting in a new chain

• Block Gas Limit: The computational limit for each block. Raising this limit allows for more transactions to be processed

• EIP: A documentation system proposing and detailing technical changes to the Ethereum network

TP AI Notes

This article uses a language model based on TokenPost.ai for article summarization. The main content of the text may be omitted or differ from actual facts.