Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed

Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain.  Polygon officially confirmed the hard fork event in Jan. 12 a blog post, which came after weeks of preliminary discussion on Polygon Improvement Proposal (PIP) forum page in late December. GET READY FOR THE HARDFORK The proposed hardfork for the #Polygon PoS chain will make key upgrades to the network on Jan 17th. This is good…

DOJ Objects to FTX’s Choice of Lawyers, Citing Conflict of Interest

“S&C’s disclosures as filed are wholly insufficient to evaluate whether S&C satisfies the Bankruptcy Code’s conflict-free and disinterestedness standards,” said Trustee Andrew Vara, a Department of Justice official responsible for bankruptcy cases. “The incomplete disclosures are a sufficient and independent reason to deny the application.” Author: Jack Schickler Source link

90% of enterprises are adopting blockchain tech

Despite a difficult past year for crypto and blockchain, new research from web3 platform CasperLabs has found that 87 percent of businesses say they are likely to invest in blockchain in 2023. ‘The State of Enterprise Blockchain Adoption in 2023’ questioned 603 enterprise “decision makers” across firms from the United States, UK, and China. It found that sentiment towards blockchain remained strong in these countries despite market downturns. On top of the 87 percent that are likely to invest this year, almost 90 percent of businesses said they have already…

Polygon tests zero-knowledge rollups, mainnet integration inbound

Ethereum layer-2 scaling protocol Polygon (MATIC) is carrying out performance testing of zero-knowledge rollup (zk rollups) technology ahead of full integration with its mainnet. The development of the technology, called Polygon zkEVM (Ethereum Virtual Machine), has been ongoing for over three years by the Polygon Hermez team. The team has already confirmed that zero-knowledge proofs are possible on Ethereum, by generating over 12,000 zk-proofs in a primary version of the zkEVM testnet. David Schwartz, project lead of Polygon zkEVM and PolygonID, unpacked the development of the functionality in correspondence with…