KEY TAKEAWAYS
- Polygon’s Madhugiri Hardfork boosts throughput by 33%, enabling 1,400 TPS with future potential for 5,000 TPS.
- The upgrade allows seamless blocktime adjustments, enhancing scalability and reliability for enterprises.
- Polygon’s network can handle all projected 2024 ACH payments, showcasing its capacity for large-scale transactions.
- Incorporating Ethereum’s Fusaka EIPs, the upgrade strengthens security and mitigates attack risks.
Polygon has announced a significant upgrade with the implementation of the Madhugiri Hardfork, enhancing its position as a leading payments chain. This upgrade increases throughput by 33% and simplifies future speed enhancements.
The Madhugiri Hardfork introduces a pivotal change in how Polygon manages blocktime adjustments. Unlike previous upgrades that required a full hardfork, future blocktime changes can now be made directly within the chain architecture. This advancement allows Polygon to process approximately 1,400 transactions per second (TPS), with a goal of reaching 5,000 TPS as outlined in earlier upgrades.
In its current configuration, Polygon could handle all 33.6 billion ACH payments projected for 2024, maintaining over 25% additional capacity for other transactions. This capability underscores Polygon’s reliability for major institutions and enterprises integrated on its network, including Revolut, MasterCard, Stripe, Reliance Jio, BlackRock, and Polymarket.
The Madhugiri upgrade also incorporates Ethereum’s core Fusaka EIPs, enhancing security and mitigating potential attack vectors. This ensures a robust network that enterprises can depend on. The upgrade is fully managed by the network, requiring no action from users or developers, although full-node operators must update to the latest version.
Polygon’s evolution continues at a rapid pace, with each upgrade reinforcing its enterprise readiness through improved security, scalability, and reliability. The Madhugiri Hardfork builds on a series of enhancements that position Polygon as a premier solution for tokenized real-world assets and payments.
Recent data highlights Polygon’s growing adoption in the payments sector, with an all-time high in payments volume reaching $1 billion in November. This includes a record one-day high of $5.54 million. Revolut has processed over $800 million on Polygon, while Stripe’s volume on the network is second only to Ethereum.
The uptick in institutional integrations aligns with recent upgrades, such as the payments upgrade in Rio, which introduced a new block production model. This model supports 5,000 transactions per second, near-instant finality, and a lightweight network, eliminating the risk of reorgs. The Madhugiri Hardfork continues this trajectory, advancing Polygon towards an institutional-grade future capable of supporting global financial infrastructure demands.
For more details on the Madhugiri Hardfork, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Polygon’s implementation of the Madhugiri Hardfork marks a significant upgrade in its network capabilities, boosting throughput by 33% and enabling future blocktime adjustments without full hardforks.
A recent CryptoRank report highlights Polygon’s growing role as a foundational payment infrastructure. This trend is evident as the Madhugiri Hardfork enhances the network’s ability to efficiently handle a high volume of transactions, supporting its expanding use in real-world payment scenarios.
According to insights from CoinEdition, the Madhugiri Hardfork is viewed as a critical structural upgrade that strengthens Polygon’s foundation for sustained growth. This supports the network’s ambition to scale for institutional and stablecoin-focused use cases, aligning with its broader roadmap of ecosystem stability and scalability improvements.
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