• Polygon will raise network fees to combat spam transactions

  • Polygon’s network fees will be increased from 1 Gwei to 30 Gwei, according to co-founder Sandeep Nailwal in a forum post. With an OpenSea marketplace integration, the network is also doubling down on its foray into non-fungible tokens (NFT).

    According to a post on the project’s forum by co-founder Sandeep Nailwal, the Polygon Network will raise network fees as an additional measure to prevent spam transactions. Nailwal stated that network fees would be increased from one Gwei to 30 Gwei.

    Polygon has been subjected to spam attacks in the past, but the consequences were minor. In June 2021, crypto enthusiasts noticed that someone was sending transitions to themselves on a regular basis. This had little meaning, though some speculated that it was an attempt to bring down Iron Finance.

    Raising the gas tax would make such incidents much more difficult to perpetrate because it would significantly increase the cost of carrying out spam transactions. Of course, the community may question the team’s ability to raise network fees at will and, as a result, may call for more decentralization. Perhaps in the future, Polygon will allow for more decentralized governance.

    Fee increases are unavoidable for platforms that grow in popularity. Network fees tend to rise as more users begin to use the network, whether or not the intention is to prevent spam transactions.

    Polygon has been doing well in terms of adoption and price, with its daily active users recently surpassing Ethereum’s for the first time. Several prominent projects have adopted the network’s scaling solutions, and the response has been excellent. It is still developing new solutions and products, including a foray into the NFT space.

    Polygon is getting OpenSea.

    The success of Polygon has resulted in a number of significant developments, including the launch of OpenSea on the Polygon network. On October 4, the latter announced that the NFT marketplace had integrated Polygon’s solutions to enable faster and cheaper transactions.

    On OpenSea, users can easily switch to the Polygon network by selecting it under the ‘Chains’ tab. They will only have to pay a small amount of gas money to transfer their ETH funds.

    They will also have access to a number of additional benefits, including the ability to purchase Polygon NFTs in fixed-priced sales. Other noteworthy advantages include the ability to mint NFTs without paying gas fees and the ability to pay for NFTs with ETH, DAI, or USDC.

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