This month, Polygon seems to be picking up the pace. After the partnership with MasterCard, the crypto blockchain continues with the launch of the Madhugiri hard fork. Its goal: to propel crypto to a new standard of speed, stability and institutional adoption.
In brief
- Polygon accelerates the crypto network with Madhugiri, doubling block speed and optimizing transactions.
- The hard fork prepares for institutional adoption, integrating stablecoins and trusted tokenized assets.
A crypto update tailored for speed and efficiency
There Madhugiri update from Polygon promises a silent revolution in the crypto universe. The heart of change? A reduction in consensus time to 1 second. In other words, blocks are now validated twice as fast, with network throughput increasing by 33%.
This performance gain is based on the integration of three EIPs :
- EIP-7823;
- EIP-7825;
- EIP-7883.
These technical improvements limit operations that consume too much gas. But not only that! They also secure crypto transactions and guarantee a smoother experience.
Polygon also introduced a new type of transaction for the Ethereum –Polygon crypto bridge. The goal: to allow rapid updates without disrupting the network, thus making it more suitable for intensive use cases (payments, transfers of tokenized assets, stablecoin transactions, etc.).
Polygon aims for large-scale crypto adoption with Madhugiri
Beyond the technical aspect, Polygon prepares the ground for a stablecoin supercycle. He imagines the emergence of 100,000 stablecoins in the coming years, all focused on real uses.
The release of KRW1 already shows the growing interest in this blockchain. It is a Korean won-backed stablecoin. With Madhugiri, Polygon is therefore laying the foundations of a crypto network capable of handle up to 100,000 transactions per second in the future.
Note also that this hard fork arrives after several evolutions of the protocol. Reference is made to Heimdall, Bhilai and Rio. Added to this is the partnership with MasterCard.
In any case, Polygon confirms its ambition to become the technical backbone of future crypto infrastructures. If the speed appeals, the robustness of the network could well tip the financial giants into the blockchain arena. Especially since it is already crushing certain well-known players in the sector!
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