Polygon Announces Major Network Upgrade and Layer 2 Bridge Resync September 18, 2023 September 18, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 18, 2023 by Kelly Cromley

Polygon Announces Major Network Upgrade and Layer 2 Bridge Resync

Polygon, a prominent player in the world of cryptocurrencies, has been making significant strides in recent weeks with a series of groundbreaking developments. In a significant announcement, Polygon has unveiled plans for an upcoming network upgrade and a resynchronization of its Layer 2 Bridge, set to occur on September 18, 2023. The blockchain’s zkEVM Mainnet Beta Network Rehashing and the Polygon Bridge resynchronization will commence at 10:30 AM CST (8:30 AM UTC) on Monday, marking a pivotal moment in the platform’s evolution.

Polygon Ensures Continuity Amidst Upgrades

Polygon has reassured its community that this upgrade will not disrupt the overall stability of the ecosystem. They have explicitly stated that “This does not impact the state of the network or any past transactions or any L1 information.”

Commitment to Innovation

In the fast-paced and ever-evolving landscape of cryptocurrencies, Polygon continues to stand out as a trailblazer. The platform’s commitment to innovation and improvement is evident through its forthcoming network rehashing and Layer 2 Bridge resync.

Benefits of Network Rehashing

Network rehashing is a pivotal process in the world of blockchain technology. It involves making structural and functional changes to the blockchain network to enhance its efficiency, security, and scalability. In Polygon’s case, this rehashing will take place on the zkEVM Mainnet Beta Network.

The term “zkEVM” refers to Zero-Knowledge Ethereum Virtual Machine, a technology enabling enhanced privacy and scalability on the Ethereum network. By incorporating zkEVM into its Mainnet Beta, Polygon is poised to provide users with a more robust and versatile platform.

The benefits of this network rehashing include enhanced security, improved scalability, optimized performance, and future-proofing the platform by staying at the forefront of blockchain technology.

Layer 2 Bridge Resynchronization

In addition to network rehashing, Polygon is focusing on resynchronizing its Layer 2 Bridge. This component plays a pivotal role in enabling interoperability between different blockchains. A Layer 2 Bridge acts as a link between the Polygon network and other blockchains, facilitating the seamless transfer of assets and data. By resyncing this bridge, Polygon is expanding its capacity to collaborate with other blockchain ecosystems, opening up exciting possibilities for its users.

What Users Can Expect

As Polygon prepares for this momentous event, users should be aware of what to expect on the day of the upgrade:

Temporary Downtime: During the upgrade process, temporary downtime on the Polygon network may occur. Users should plan their activities accordingly.

No Impact on Transactions: Polygon emphasizes that the network rehashing will not affect any past transactions or Layer 1 information (L1). Users can rest assured that their previous activities on the platform will remain intact.

Improved Performance: Once the upgrade is complete, users can anticipate a more efficient and high-performing Polygon network. Faster transaction speeds and enhanced security are among the benefits that will accompany this improvement.

Join Polygon on September 18, 2023

As Polygon gears up for this momentous event, the cryptocurrency community is invited to witness the future of blockchain technology in action. Set your calendars for September 18, 2023, at 10:30 AM CST (8:30 AM UTC), and be part of this exciting journey towards a more advanced and user-friendly Polygon ecosystem.

Polygon remains committed to delivering cutting-edge solutions that empower its users and drive innovation in the crypto space. Stay tuned for updates and be ready to embrace the future with Polygon.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.