HomeNewsElderberry Upgrade Enhances Polygon zkEVM: A Leap Forward in Performance?

Elderberry Upgrade Enhances Polygon zkEVM: A Leap Forward in Performance?

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  • Elderberry upgrade introduces critical ROM optimizations and builds on the Etrog upgrade, enhancing Polygon zkEVM’s efficiency.
  • Captain Faibik’s analysis of a ‘Symmetrical Triangle Upside Breakout’ on Polygon’s chart signals potential market growth.

In a significant development for the blockchain community, the Polygon network has initiated a 10-day timelock for the much-anticipated upgrade of its zkEVM Mainnet Beta, a move that underscores the platform’s commitment to security and technological advancement.

This procedural step, integral to the network’s governance model, started today and is set to conclude on March 07. The timelock is designed to afford developers ample time to secure their assets, emphasizing the network’s prioritization of user security and trust in the lead-up to substantial system enhancements.

Security and Governance: The Timelock Mechanism

The upgrade, dubbed “Elderberry,” is poised to introduce critical optimizations to the Read-Only Memory (ROM) component of the network, aiming to mitigate specific out-of-counter errors that have been a thorn in the side of network efficiency.

Additionally, Elderberry builds upon the foundation laid by last month’s Etrog upgrade, promising further enhancements and stability improvements.

The ROM, central to the Polygon zkEVM infrastructure, plays a pivotal role in interpreting transaction execution logic and operational codes, mirroring the function of the Ethereum Virtual Machine (EVM) Interpreter within the broader Ethereum ecosystem.

While the Elderberry upgrade’s deployment on the mainnet hinges on rigorous real-world stress testing on the testnet, the projected live date is around March 07, contingent on network stability. This cautious approach underscores the network’s dedication to ensuring a seamless transition and uninterrupted service for its users.

Infrastructure developers, particularly those involved in maintaining the network’s backbone, are advised to prepare for the upgrade by updating to the latest versions of essential components such as the node, prover, and bridge service.

Detailed guidance and links for these updates will be disseminated closer to the upgrade’s implementation, ensuring a smooth transition for all parties involved.

Market Implications: Captain Faibik’s Analysis

In an intriguing development, popular analyst Captain Faibik took to Twitter to highlight a significant pattern in the Polygon market. His analysis pointed out a ‘Symmetrical Triangle Upside Breakout/Retest’ on the weekly timeframe chart for Polygon, signaling a bullish sentiment among investors and hinting at a potential surge in Polygon’s market value.

This technical pattern, recognized for its reliability in forecasting market movements, has stirred excitement within the trading community, further amplifying the anticipation surrounding the upcoming network upgrade.

Amidst these developments, MATIC price has posted a profitable performance in the last 24 hours, rising 6.19% to $1.05, representing a growth of $7.05 in the last 7 days.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628