Polygon’s Madhugiri Hard Fork: Boosts Throughput & Slashes Block Time

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Ah, behold the marvel that is Polygon, the blockchain network that just dropped its latest protocol upgrade-Madhugiri hard fork. It promises to boost throughput by 33% and, just for fun, slashes block consensus time to a mere second. Yep, you read that right-one second. How charming.

Polygon’s very own Krishang Shah announced this in a not-so-humble X post, revealing the addition of three Fusaka Ethereum Improvement Proposals (EIPs)-specifically EIP-7823, EIP-7825, and EIP-7883. These proposals are designed to make heavy mathematical operations as light as a feather, cutting down the gas consumption. Because, who doesn’t love saving a few bucks on gas?

Oh, and there’s a bonus! These EIPs ensure that no single transaction is a greedy little monster gobbling up too much computing power, ensuring smoother and more predictable network operations. Peace and harmony in the blockchain universe. 🕊️

The upgrade also introduces a brand new transaction type for Ethereum to Polygon bridge traffic. Fancy, right? It even adds some “future-proof” flexibility for upgrades down the line. Polygon claims this update makes throughput increases as easy as “flipping a few switches.” If only life were that simple, eh?

Shah couldn’t resist adding a little cherry on top: “We are also decreasing the consensus time to 1 second, so blocks can now be announced in 1 second if ready, instead of waiting the full 2 seconds.” So, hold your applause. These guys are revolutionizing the art of the second. ⏱️

New Update Reinforces Polygon for Stablecoins and RWAs

Now that Madhugiri is officially live and kicking, Polygon has set its sights on bolstering its infrastructure for high-stakes use cases-things like real-world asset (RWA) tokenization and stablecoins. Not just any stablecoins, mind you, but the ones with “real utility.” We can all sense the hype building around these “stablecoin supercycles.” Cue the dramatic music.

Aishwary Gupta, Polygon Labs’ big cheese for payments and RWAs, boldly predicted a “surge of at least 100,000 stablecoins” within the next five years. Yeah, you can already hear the collective groan from traditional finance. But, don’t worry, Gupta assures us this isn’t just about minting tokens like it’s a video game. These stablecoins will come with a purpose-perhaps even a yield? That’s right, folks, utility is the word of the day. 🤑

Gupta also advocated for more transparency in the RWA sector. After all, what’s the point of RWAs if they can’t be audited, settled, or traded? It’s like buying a fancy painting and then not being able to hang it on your wall. But, once the industry gets its act together, RWAs could unleash trillions in institutional capital. Maybe even more. Who’s counting? 💸

Hard Fork Follows Major Heimdall Upgrade

And just when you thought things couldn’t get more exciting, Polygon follows up with yet another upgrade. The Madhugiri hard fork comes hot on the heels of Heimdall 2.0, Polygon’s “most technically complex” hard fork ever. According to Polygon’s CEO, Sandeep Nailwal, Heimdall 2.0 was the real deal-reducing transaction finality times from a tedious minute (or two) down to a lightning-fast five seconds. Talk about an upgrade. ⚡

But, of course, nothing in life is without its hiccups. On September 10, Polygon hit a rough patch when a bug caused transaction delays lasting 10 to 15 minutes. Validators couldn’t sync, RPC services were down, and third-party tools were crying for help. But fear not, for Polygon’s team assured everyone that, despite the hiccups, blocks were still running. 🛠️

On the following day, September 11, Polygon announced that everything was back to normal after a successful hard fork. Blocks were no longer stuck, and checkpoints and milestones were being finalized as planned. So, what’s next? Maybe an upgrade that brings us a decentralized moon colony? Just a thought. 🌑

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2025-12-09 14:48