The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will “reduce the severity of gas spikes” and “address chain reorganizations (reorgs) in an effort to reduce time to finality.”

Polygon’s [MATIC] zkEVM has remained a topic of discussion for quite a few months now. This was because its public testnet went live in 2022.

Solana (SOL) seeks to move back into the top 10 cryptocurrencies after temporarily flipping Polygon market cap on Jan. 14.

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.

Polygon Founder-led web3 accelerator startup Beacon, which was launched last December, on Wednesday announced that it is already hosting its inaugural demo day.

After a heated community debate last month, Polygon Labs appears to be moving forward with plans to hard-fork the network early next week, according to a blog post published on Polygon’s website Thursday. In the post, Polygon Labs claims the hard fork—proposed to occur January 17—will help prevent network gas fee spikes and address chain reorganizations, also known as reorgs. Unlike soft forks, hard forks are not backwards-compatible and require all node operators on the network to update to the latest software at a specified time. Some hard forks are contentious, while others are simply major upgrades to a network. (decrypt)

Holograph recently tweeted about going live on Avalanche, Polygon, and Ethereum mainnets. The platform makes developing multichain digital assets 10 times quicker, quicker, and easier.

Polygon [MATIC] recently reached a new milestone in terms of decentralized exchange (DEX) volume. It crossed $50 billion in DEX volume over the last 12 months, according to a tweet on 11 January.

We shouldn’t be surprised that Solana and Polygon networks face DDoS attacks that slowed down transactions and made these networks unusable on multiple occasions. This is the price of centralization.

Bonk Inu in a tweet on January 7 claimed that user experience on the Solana blockchain is so good that even Polygon’s co-founder Sandeep Nailwal experienced using BONK tokens.