The Madhugiri upgrade of Polygon promises a quiet revolution in the crypto universe. What's at the core of the change? A reduction in consensus time to 1 second. In other words, blocks are now validated twice as fast, with a 33% increase in network performance.
This performance gain is based on the integration of three EIPs:
▫️EIP-7823;
▫️EIP-7825;
▫️EIP-7883.
These technical improvements limit operations that consume too much gas. But not only that! They also secure crypto transactions and ensure a smoother experience.
Polygon has also introduced a new type of transaction for the Ethereum-Polygon crypto bridge. The goal: to enable quick updates without disturbing the network, making it more suitable for intensive uses (payments, transfers of tokenized assets, transactions in stablecoin...).
Beyond the technical aspect, Polygon is paving the way for a supercycle of stablecoins. In fact, it envisions the emergence of 100,000 stablecoins in the coming years, all focused on real-world use cases.
The online launch of KRW1 already shows the growing interest in this blockchain. It is a Korean stablecoin backed by the won. With Madhugiri, Polygon lays the groundwork for a crypto network capable of managing up to 100,000 transactions per second in the future.
Let us also note that this hard fork comes after several evolutions of the protocol. (Heimdall, Bhilai, and Rio). This is complemented by the partnership with MasterCard.
In any case, Polygon confirms its ambition to become the technical backbone of future crypto infrastructures. If speed attracts, the robustness of the network could sway financial giants towards the blockchain realm.
