The Polygon (POL) network has successfully completed the Ahmedabad update. Following this update, the POL token gained 5% in value along with the increase in overall market sentiment. The improvements made are considered a significant development in the Proof-of-Stake (PoS) mainnet and aim to improve the experience of both developers and users. The update was first rolled out to the mainnet after being thoroughly tested on the Amoy testnet. These updates, implemented as part of Polygon Improvement Proposals (PIP) 30, 36, and 45, aim to improve the overall performance of the network. Specifically, with PIP-30, the maximum code size has been increased from 24KB to 32KB, which will allow for the development of more complex dApps.
With the Ahmedabad update, Polygon’s native token MATIC was replaced with POL and WMATIC was updated to WPOL. This transformation solidifies the Polygon ecosystem’s transition to a POL-based structure. All node operators, validators, and infrastructure providers have been upgraded to the updated Bor and Erigon versions.
The increase in POL price following the update was supported by positive developments in market sentiment. Transaction delays on the Polygon network were resolved by Coinbase, which contributed to the smooth operation of the network, increasing investor satisfaction.
The improvements provided by the update have provided a more efficient working environment for developers. The growth potential of the Polygon ecosystem increases with such updates. While the increase in code size allows for the development of more complex applications, the transition from MATIC to POL is considered an important step in the token economy. The elimination of transaction delays also improves the user experience. The updated infrastructure increases the overall performance of the network. These improvements in Polygon’s technical infrastructure strongly support the future growth potential of the ecosystem. After the update on September 26, the network’s performance and user satisfaction continue to be observed.
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So who can benefit?
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I EXPLAIN IN DETAILED.
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WHEN WILL THE REWARD COME?
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You can share this post with your friends in need so that they can also benefit from it.
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