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Delio Curation

Polygon to Undergo Hard Fork


Polygon (formerly Matic Network), which enables blockchain networks to connect and scale, announced a proposed hard fork to its proof-of-stake (PoS) blockchain crypto media outlet CoinDesk reported on January 13.


The software improvement in Polygon's new fork encompasses the formation of gas fees and chain reorganization. Polygon plans on the gas fee reduction that occurs relatively high during the transaction. The second suggested modification deals with reorgs, which can happen when a validator node gets data that momentarily produces a different version of the blockchain. Due to the necessity for nodes to reconcile which chain is the right one (also known as the "canonical" one), such an occurrence makes it challenging to verify if a transaction has been accomplished accurately.


Polygon seeks to shorten the time it takes to finish a block and verify successful transactions to solve its issue of relatively frequent reorgs. Polygon's "sprint length" will be decreased from 64 to 16 blocks, allowing a block producer to generate blocks for a considerably shorter amount of time, beginning (128 seconds to 32 seconds).


The software update will go live on January 17.



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.