Polygon (POL) announced on its official X account that it has successfully introduced the Ithaca hard fork to the Xiamen testnet. This upgrade is scheduled to go live on mainnet on July 29th at 2:00 PM (UTC).
What the Ithaca upgrade brings
The Ithaca hard fork is designed to enhance the stability of payments made on the Polygon network. According to the team, this upgrade introduces automated mechanisms that can intervene when problems occur on-chain, allowing transactions to continue running smoothly without manual intervention. This is expected to reduce the risk of payment interruptions and improve overall network reliability.
Impact on exchanges and users
Polygon notes that if the crypto exchange also supports the upgrade, deposits and withdrawals on the affected platforms may be temporarily suspended during the transition. Users are advised to stay updated on exchange-specific announcements regarding the Ithaca hard fork to avoid any inconvenience.
why is this important
The Ithaca upgrade represents Polygon’s continued efforts to improve its infrastructure as the leading Ethereum scaling solution. Payment stability is a key factor for both retail users and institutional investors who rely on the network for fast and low-cost transactions. By automating chain-level interventions, Polygon aims to reduce downtime and increase user trust.
conclusion
With the Ithaca hard fork now live on the Amoy testnet and a mainnet date set, Polygon is making targeted improvements to its payments ecosystem. A successful upgrade will depend on smooth coordination with the exchange and the broader network community. Mainnet activation on July 29th will be an important milestone to note.
FAQ
Q1: What is Ithaca hard fork?
A: The Ithaca hard fork is Polygon’s network upgrade designed to improve payment stability by introducing automatic intervention mechanisms that can address issues on the chain in real time.
Q2: When will the Ithaca upgrade be available on mainnet?
A: Mainnet activation is scheduled for July 29th at 2:00 PM UTC.
Q3: Will the upgrade affect deposits and withdrawals on exchanges?
A: Yes, if your exchange supports the upgrade, deposits and withdrawals may be temporarily suspended during the transition. Users should check with their exchanges for specific timelines.
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