- By processing more than 16 million transactions in a single day, the Polygon PoS network demonstrated its capacity and stability.
- Complementing Ethereum’s most recent advancements, the Napoli update adds sophisticated functionalities like account abstraction and parallelization.
The unprecedented Inscriptions wave in December 2023 demonstrated the resilience and forward-thinking approach of the Polygon Proof of Stake (PoS) network, which processed more than 16 million transactions in a single day.
This spike showed the network’s tenacity and superiority over other large blockchain networks in terms of inscription management—all without any major operational glitches or exorbitant gas expenses.
Polygon PoS is for devs, for cooks, for users.
The recent Napoli upgrade activated RIP-7212 on Polygon PoS, paving the way for better UX w/ account abstraction and more design flexibility for devs.
Check out the deep-dive, here: https://t.co/1ojFkZexUA
Also, farewell to the…
— Polygon | Aggregated (@0xPolygon) March 27, 2024
Napoli Upgrade: Polygon’s Advancement
This accomplishment highlights Polygon PoS’s position as a pioneer in blockchain technology, a point that the comprehensive Messari report also emphasizes. Over the past year, the network has made major improvements to the user experience and introduced parallelized EVMs, demonstrating its dedication to pushing technological frontiers.
In terms of performance and scalability, Polygon’s integration of the ZK upgrade to a validium and AggLayer portends a new era.
A critical turning point for Polygon was reached in March 2024 with the community’s approval of the Napoli upgrade and its subsequent successful mainnet rollout. This update embodies Polygon’s forward-thinking philosophy by enabling developers to leverage the vast on-chain activity of the network for creative application creation.
Synchronizing with Ethereum
Napoli’s improvements include new opcodes that are in line with Ethereum’s Cancun upgrade, improved account abstraction precompile support, and advanced parallelization.
Polygon Improvement Proposals (PIPs), community-vetted improvements that show a shared desire to progress the network, are essential to the Napoli upgrade.
For example, PIP-27 improves account abstraction on Polygon by adding the secp256r1 elliptic curve precompile. This works with Ethereum’s RIP-7212 and makes smart account management better for transactions from modern devices.
The Napoli upgrade makes parallel execution even better with PIP-16 by improving how transaction dependencies are handled. This lowers competition in blockspace and boosts network throughput.
Additionally, PIP-31 reinforces the great synergy between the two platforms by adding new EVM opcodes, ensuring Polygon PoS is up to date with Ethereum’s latest advances.
The Mumbai testnet will be phased out as part of Polygon PoS’s continuing evolution, after Ethereum’s Goerli testnet demise, echoing earlier coverage by ETHNews.
This switch to the new Amoy testnet demonstrates Polygon’s flexibility and dedication to advancement in the blockchain industry, as well as reflecting changes occurring within the Ethereum ecosystem.
Meanwhile, the price of the Polygon native token, MATIC, dropped 2.23% in the last 24 hours and fell to $1.01. But the past 7 days have seen an increase of 1.94%.