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Polygon’s Madhugiri Hard Fork Raises TPS by 40% to 1,400

CEO Sandeep Nailwal targets 5,000 TPS in six months and 100,000 within two years, positioning Polygon for global payment dominance.

Summary

Polygon’s recent Madhugiri hard fork increased transaction throughput by 40%, reaching 1,400 transactions per second (TPS). CEO Sandeep Nailwal stated plans to accelerate performance to 5,000 TPS within six months and achieve 100,000 TPS in two years. The initiative aims to establish Polygon as the leading blockchain for global payment processing.

Terms & Concepts
  • Hard fork: A significant network upgrade or change to a blockchain's protocol that is not backward-compatible, requiring all nodes to update.
  • TPS (transactions per second): A measure of how many individual transactions a blockchain can process in one second.
  • Polygon: A blockchain scaling platform designed to improve transaction speed and reduce costs on the Ethereum network.