Polygon’s proof-of-stake (POS) network will undergo an important consensus upgrade on 10 July with the rollout of Heimdall V2.
Sandep Nailwal, co-founder of Polygon, described it as the most technically advanced hard fork that the chain has taken since the launch in 2020.
After the announcement, the native token of the network, Pol, won almost 10% within 24 hours and climbed to the highest level in a month by around $ 0.20.
Polygon’s Heimdall -Update
Heimdall V2 replaces the original Heimdall client, modernization of the Polygon Validator Management System and improves how the network states between Ethereum and Polygon poses.
This is an important shift of the Legacy Tendermint + CosmossDK setup to the newer Cometbft + Cosmossdk architecture.
The upcoming migration will follow successful tests on the Amoy Testnet on 24 June. Nailwal stated that the upgrade cleans up the technical fault of Heimdall’s earlier Build, originally based on Frameworks from 2018 and 2019.
With Heimdall V2, Polygon expects great performance scope. The finality time will fall from 90 seconds to just 4-6 seconds. Block times also shrink from approximately 5-6 seconds to about 2 seconds, so that the road is cleared for a much smoother user experience.
Nailwal said that the upgrade will unlock faster checkpoints and improve the bridging protection while laiding the foundation for future improvements.
He also warned of a possible three -hour delay in the finality of the checkpoint during the migration period. He also insisted on decentralized applications to increase the mounting thresholds to 256 blocks, because rare chain reorganizations could still occur.
The transition will transfer application data, balances, accounts, delivery statistics and milestones from the past.
Heimdall V2, however, will launch with a new chain -ID and its own Genesis block, based on the last state of Heimdall V1. Blockchain history is not transferred during the upgrade.
Bhilai hardfork
This threatening upgrade builds on the recent Bhilai hardfork of the Ethereum Layer-2 network, which helped the network reach the 1,000 transactions per second milestone.
Talking about this update, nailwal said:
“This hardfork speeds up the capacity, so that the money flow on polygoon can move even faster and support the next wave of Onchain payments and RWAS. It also makes a significant improvement in the account abstraction possible via Ethereum’s Pectra upgrade, EIP-7702.”
