Uniswap Founder Urges Polygon to Address Restructuring Problem

02/24/2023 07:04 • Crypto & Markets • 74 views

On February 24, Hayden Adams, the founder of Uniswap, tweeted that Polygon needed to take public action to solve its restructuring problem. Yesterday’s 157 block restructuring (5-minute history) and December’s 120 block restructuring were bad, and might also damage bridges and CEX. Perhaps it is the change of consensus algorithm? Or based on the hard bifurcation of social consensus to reduce verifiers?

Polygon co-creation: the next version to solve the block restructuring problem will be released around March

Interpretation of the news:

The message tweeted by Hayden Adams on February 24th has raised concerns about Polygon’s restructuring problem. Adams, who is the founder of Uniswap, a popular decentralized crypto exchange, urged Polygon to take public action to solve this issue. According to him, the recent block restructuring that occurred on February 23rd was disastrous and could potentially damage bridges and CEX. He also mentioned a similar incident that occurred in December 2020, which highlights the severity of the problem.

The message raises some important questions about the cause of these restructuring problems. Adams speculates whether it is due to a change in the consensus algorithm or a reduction in verifiers caused by the hard bifurcation of social consensus. These are both significant factors that could contribute to the restructuring issue. A consensus algorithm is an important part of blockchain technology that ensures that all nodes in the network can agree on the current state of the ledger. If there is a change in the consensus algorithm, it could potentially cause a disruption in the network, leading to restructuring problems.

Furthermore, a change in social consensus could also affect the number of verifiers in the network, leading to a reduced number of nodes to maintain the network. The hard bifurcation of social consensus occurs when a part of the network decides to break off from the main network due to disagreements about the rules or governance of the network. This can lead to a reduction in the number of verifiers and, therefore, increase the likelihood of restructuring.

The call for public action by Adams highlights the need for transparency and accountability in the crypto industry. It is important for blockchain networks to be transparent about their governance and decision-making processes to ensure that the network can operate smoothly and effectively. Moreover, the recent incidents involving block restructuring on Polygon highlight the need for better risk management and infrastructure upgrades to prevent such incidents from occurring in the future.

In conclusion, the message tweeted by Hayden Adams has raised important concerns about Polygon’s restructuring problem. The possible reasons behind the issue, such as changes in the consensus algorithm and social consensus, emphasize the need for more research into the causes of block restructuring. Moreover, the call for public action highlights the importance of transparency and accountability in the crypto industry. As blockchain technology continues to evolve and gain mainstream adoption, it is important that network governance is properly managed to ensure the safety and security of the network and its users.

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Uniswap Founder Urges Polygon to Address Restructuring Problem

Polygon co-creation: the next version to solve the block restructuring problem will be released around March

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