From Ethereum layer-2 scaling projects polygon, “reconstruction” Within the scope of the project, it has successfully completed the hardfork update, which was prepared to reduce fee transactions and make network operation more efficient.
The official account of the Polygon project announced in a Twitter post today that the hardfork update has been successfully completed.
The Polygon PoS network has been upgraded 👏👏👏
To learn more about the upgrade, check out 👇https://t.co/RaBWDjEGrI pic.twitter.com/WiDOdJWzaK
— Polygon (@0xPolygon) January 17, 2023
The two pillars of the Hardfork update first came to the fore in December. The proposed network improvement to Polygon validators received 87% approval at the voting stage.
The developers focused the first part of the recovery on reducing the gas fees required to transact on the network. The gas fee is freely determined by the demand for the network. The second part of the update was prepared to solve some chronic problems in the blockchain network.
After the completion of the hardfork update, there was no further movement in the MATIC price.
MATIC Analysis: Will the Uptrend Continue?
Native cryptocurrency of the Polygon network MATICIt has gained 36% since the first hours of 2023, making more profits than most altcoins.
Stuck at $1,048 resistance on Saturday, MATIC got confirmation by approaching the previous support level of 0.941, then continued its rise with the new week. The next sell zone is found at $1,159 if MATIC permanently crosses the $1,048 resistance.
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