Polygon plans to activate its Heimdall v2 hard fork on 10 July, aiming to cut transaction finality on the proof-of-stake network to about five seconds and eliminate legacy code dating from 2018-19
Polygon plans to activate its Heimdall v2 hard fork on 10 July, aiming to cut transaction finality on the proof-of-stake network to about five seconds and eliminate legacy code dating from 2018-19. Developers describe the change as the most complex upgrade since the chain’s 2020 launch. Exchange KuCoin said it will support the transition, and CoinGecko data show Polygon’s POL token rose 7.8% after the upgrade was announced.
The overhaul follows Circle’s 27 June launch of Cross-Chain Transfer Protocol V2 on Polygon PoS, which allows developers and users to move native USDC across blockchains within seconds through a 1:1 burn-and-mint mechanism that dispenses with wrapped assets and third-party bridges. Analytics firm TokenTerminal reports that USDC usage is now expanding fastest on Polygon and Base, underscoring the network’s push to improve speed and liquidity ahead of the Heimdall v2 deployment.
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