9 Jul 2025, 14:12

Polygon Plans Heimdall V2 Hard Fork in July to Potentially Enhance Network Efficiency and Security

Polygon is set to implement a pivotal hard fork, Heimdall V2, on July 10, 2023, targeting enhanced network performance and security within its Ethereum scaling framework. This upgrade introduces a

9 Jul 2025, 13:21

Polygon Plans Complex Heimdall 2.0 Hard Fork Upgrade to Enhance PoS Network Stability

Polygon is preparing to launch Heimdall 2.0, its most sophisticated hard fork since the network’s inception, promising significant improvements to its proof-of-stake blockchain. The upgrade aims to enhance finality times,

9 Jul 2025, 13:15

Polygon’s ‘most complex’ hard fork goes live Thursday

Polygon Foundation CEO Sandeep Nailwal described the upcoming Heimdall 2.0 upgrade as the “most complex” Polygon hard fork since 2020.

9 Jul 2025, 12:05

POL price soars 10% ahead of Heimdall v2 upgrade; what’s next?

Polygon is in the limelight on Wednesday as the broader cryptocurrency market displayed bullish momentum. POL led today’s gainers with a 10% surge, driven by increased excitement ahead of the Heimdall v2 upgrade, scheduled for the 10 July 2025 release. Polygon CEO Sandeep Nailwal announced the upcoming consensus layer hard fork, which is the most significant update since the network went live in 2020. He said : We’ve been on a shipping spree – and next up is Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025. This is the most technically complex hard fork Polygon PoS has seen since its launch in 2020. With developers, users, and the broader Polygon ecosystem waiting for a massive impact, attention has shifted to native POL. The alt has gained over 10% as bullish sentiments dominate ahead of the historic upgrade. The CEO warned about a potential 3-hour lag during the migration window. While that could trigger bearish price actions, POL seems poised for significant rallies. The current value places prices at a crucial resistance between $0.20 and $0.22. A potential breakout might catalyze a 70% rally to the crucial resistance at $0.35. The Heimdall v2; what is it all about? Heimdall is among the key systems that keep Polygon’s PoS (proof-of-stake) chain operating. Meanwhile, its initial design utilized outdated tech, which has lost value in the fast-paced blockchain industry. Tomorrow’s v2 update will upgrade Heimdall’s framework to CometBFT + Cosmos SDK v0.50 from Tendermint + Cosmos SDK v0.37. Precisely, Heimdall v2 will remove the outdated code that has slowed down progress over the past years. It clears the path for future enhancements while guaranteeing a faster and smoother experience for day-to-day users. Transaction finality dips to 5 seconds One of the significant changes in the upcoming upgrade is reducing the time transactions take to process. The Polygon PoS chain’s finality will drop to roughly 5 seconds after the hard fork. That means users will enjoy faster confirmations that the transferred assets are locked and unalterable. Besides improving speed, Heimdall v2 will enhance cross-chain bridge security while reducing block reorgs (reorganizations). Also, it promises a better user experience for decentralized applications and wallets. Quicker checkpoints and fewer reorgs will help dApps process transactions securely and more efficiently. POL price outlook The alt trades at $0.2057 after gaining more than 10% the previous day. POL’s 24-hour trading volume has increased by 50%, signaling amplified investor enthusiasm. Chart by Coinmarketcap However, bulls should overcome the key resistance between $0.20 and $0.22. Overcoming this hurdle could trigger remarkable rallies to $0.35. That would mean an approximately 70% rally from Polygon’s current market price. Nonetheless, selling pressure around $0.20 – $0.22 will delay the possible surge. That might trigger notable sideways or price dips. Broad market sentiments amid the Heimdall upgrade will also influence POL’s trajectory. The post POL price soars 10% ahead of Heimdall v2 upgrade; what’s next? appeared first on Invezz

9 Jul 2025, 11:45

Polygon Heimdall v2: Unlocking Lightning-Fast Finality on July 10

Are you ready for a game-changer in the world of decentralized finance? The blockchain landscape is constantly evolving, and leading the charge in innovation is Polygon, a prominent layer-2 scaling solution. Get ready for a significant leap forward as Polygon prepares to launch its highly anticipated Polygon Heimdall v2 upgrade on July 10. This isn’t just another routine update; it’s being hailed as the most technically complex hard fork since the Polygon proof-of-stake (PoS) network first launched in 2020. What does this mean for you, for developers, and for the entire ecosystem? Let’s dive deep into the details of this pivotal moment. What is the Polygon Heimdall v2 Upgrade? At its core, the Polygon Heimdall v2 upgrade is a monumental step designed to supercharge the network’s performance and address long-standing technical complexities. Heimdall is a crucial component of Polygon’s architecture, acting as the validator layer that manages staking, block production, and transaction finality on the Polygon PoS chain. Think of it as the network’s central nervous system, ensuring everything runs smoothly and securely. Scheduled for July 10, this upgrade isn’t merely an incremental improvement. It’s a comprehensive overhaul aimed at significantly reducing transaction finality – the time it takes for a transaction to be considered irreversible on the blockchain – to an astonishing five seconds. For context, many existing blockchain networks have finality times that can range from minutes to even hours. This drastic reduction in finality is a direct response to the increasing demand for speed and efficiency in decentralized applications (dApps) and user interactions. Furthermore, a key objective of the Polygon upgrade is to tackle ‘legacy technical debt.’ In software development, technical debt refers to the accumulated cost of future rework incurred by choosing an easy, limited solution now instead of using a better approach that would take longer. For a blockchain network that has been operating and expanding for years, such debt can accumulate, potentially hindering future innovations and performance. By addressing this, Polygon aims to create a cleaner, more robust foundation for future development, ensuring greater stability and paving the way for even more ambitious projects. Why is This Polygon Upgrade So Significant? The implications of the upcoming Polygon upgrade are vast, touching upon several critical aspects of the network’s operation and user experience. Its significance can be broken down into a few key areas: Blazing-Fast Finality: Reducing finality to around five seconds transforms the user experience. Imagine instant confirmations for your transactions, near-real-time interactions with dApps, and smoother cross-chain operations. This level of speed rivals traditional payment systems, making blockchain transactions more practical for everyday use cases. Enhanced Network Efficiency: By clearing out legacy technical debt, the network becomes more streamlined and efficient. This translates to better resource utilization, potentially lower transaction costs (gas fees), and a more stable environment for developers building on Polygon. Increased Developer Confidence: A cleaner, more optimized codebase means fewer headaches for developers. They can build with greater confidence, knowing the underlying infrastructure is robust and designed for future scalability. This can attract more talent and innovation to the Polygon ecosystem. Future-Proofing: This hard fork is not just about immediate improvements; it’s about preparing Polygon for the future. As the network evolves with initiatives like Polygon 2.0 and the AggLayer, a solid, optimized foundation is crucial. Heimdall v2 sets the stage for these grander visions. Key Benefits of the Heimdall v2 Upgrade: Feature Impact Benefit Reduced Finality (5 seconds) Transactions confirmed almost instantly Faster user experience, real-time dApp interactions Addresses Legacy Technical Debt Optimized and cleaner codebase Improved network stability, lower operational costs Enhanced Network Efficiency Better resource utilization Potentially lower gas fees, smoother network performance Foundation for Future Growth Prepares for Polygon 2.0 and AggLayer Long-term scalability and innovation potential Understanding Layer-2 Scaling and Its Evolution To truly appreciate the significance of the Polygon Heimdall v2 upgrade, it’s essential to understand Polygon’s role as a layer-2 scaling solution. Ethereum, the blockchain on which Polygon is built, faces challenges with scalability, high transaction fees, and slow processing times during peak demand. This is where layer-2 solutions come into play. A layer-2 scaling solution operates on top of a base blockchain (Layer 1, like Ethereum) to improve its performance. Polygon does this by offloading transactions from the main Ethereum chain, processing them faster and cheaper on its own network, and then periodically settling them back on Ethereum. This approach significantly increases transaction throughput and reduces costs, making blockchain technology more accessible and usable for a wider audience. Polygon’s evolution as a layer-2 scaling solution has been marked by continuous innovation. From its initial focus on PoS sidechains to its current vision encompassing ZK rollups and the ambitious AggLayer, Polygon has consistently pushed the boundaries of what’s possible in blockchain scalability. The Heimdall v2 upgrade is a testament to this commitment, directly enhancing the performance of its flagship PoS chain, which remains a cornerstone of its ecosystem. By refining core components like Heimdall, Polygon strengthens its position as a leading force in providing efficient and cost-effective blockchain infrastructure. The Quest for Blockchain Finality: What Changes? The concept of blockchain finality is critical to understanding the security and reliability of any decentralized network. In simple terms, finality refers to the guarantee that once a transaction is recorded on the blockchain, it cannot be reversed or altered. Different blockchains achieve finality in different ways and at varying speeds. For example, Bitcoin’s finality is often considered to be around six blocks (roughly one hour), while Ethereum’s proof-of-stake chain aims for much faster finality with its ‘epochs’ and ‘slots’ system. With the Polygon Heimdall v2 upgrade, the network’s finality will be reduced to approximately five seconds. What does this dramatic improvement mean in practical terms? Instant User Confidence: For users, it means immediate confirmation that their transaction has gone through and is irreversible. No more waiting minutes or even longer for peace of mind. Real-Time Applications: Developers can build dApps that require near-instant responses, such as high-frequency trading platforms, real-time gaming, or even point-of-sale systems that rely on blockchain transactions. Enhanced Interoperability: Faster finality can also improve the efficiency and security of cross-chain bridges and interactions with other blockchain networks, as the state of the Polygon chain can be confirmed much more quickly. Improved Capital Efficiency: For liquidity providers and DeFi protocols, quicker finality means assets can be moved and utilized more rapidly, improving capital efficiency across the ecosystem. This commitment to rapid blockchain finality demonstrates Polygon’s dedication to creating a network that is not only scalable but also incredibly responsive and reliable, mirroring the speed and efficiency expected from traditional digital services. Impact on the Polygon PoS Network and Beyond The direct beneficiaries of the Heimdall v2 upgrade will be the users and participants of the Polygon PoS network. As Polygon’s primary operational chain, the PoS network is where the vast majority of dApps, DeFi protocols, and NFT projects currently reside. The improvements brought by Heimdall v2 will have a ripple effect across this entire ecosystem. For Users: Expect snappier transaction confirmations, a smoother experience when interacting with dApps, and potentially reduced slippage in DeFi due to faster settlement times. This makes the Polygon PoS network even more attractive for everyday use. For Developers: A more stable and efficient underlying infrastructure means less time debugging network-related issues and more time innovating. The removal of technical debt simplifies future development and integration, opening doors for more complex and ambitious applications. For Validators: While the technical details are complex, the upgrade aims to optimize the validator layer, potentially leading to more stable operations and improved efficiency in block production and consensus. Broader Ecosystem Growth: The enhanced performance and reliability of the Polygon PoS chain will undoubtedly attract more projects and users to the Polygon ecosystem as a whole. This growth fuels further innovation and network effects, solidifying Polygon’s position in the competitive blockchain space. Beyond the immediate impact on the Polygon PoS network, this upgrade is a crucial piece of the larger Polygon 2.0 vision. Polygon 2.0 aims to unify Polygon’s various scaling solutions (PoS, zkEVM, Supernets) into a single, interconnected network of ZK-powered chains. By optimizing core components like Heimdall on the existing PoS chain, Polygon is building a robust foundation that can seamlessly integrate with future ZK technologies and the ambitious AggLayer, creating a truly unified and highly scalable internet of chains. Preparing for the Future: What Does This Mean for You? For most users, the transition to Heimdall v2 on July 10 is expected to be seamless, requiring no direct action. The Polygon team is known for its meticulous planning and execution of network upgrades. However, it’s always wise to stay informed by following official Polygon channels for any specific announcements or guidelines. For developers and node operators, thorough preparation is key. This includes updating software, testing applications in a staging environment, and ensuring compatibility with the new specifications. The Polygon development team typically provides comprehensive documentation and support for such transitions. In conclusion, the upcoming Polygon Heimdall v2 upgrade is a monumental step forward for the entire Polygon ecosystem. By drastically reducing transaction finality to five seconds and diligently addressing legacy technical debt, Polygon is not just enhancing its current performance; it’s fortifying its foundation for a future of unprecedented scalability, efficiency, and user experience. This upgrade underscores Polygon’s unwavering commitment to building a robust, developer-friendly, and lightning-fast blockchain network, paving the way for mass adoption of decentralized technologies. Get ready to experience a faster, smoother, and more reliable Polygon. To learn more about the latest crypto market trends, explore our article on key developments shaping Polygon’s future price action.

9 Jul 2025, 07:53

Polygon’s POL eyes rally ahead of Heimdall v2 mainnet launch on July 10

Polygon’s POL token is seeing renewed momentum just a day before the Heimdall v2 mainnet upgrade, set for July 10. At press time, Polygon ( POL ) is trading at $0.2001, up 7% in the past 24 hours and 11% over the past week. Trading volume has jumped 71.4% to $92 million, with derivatives volume up 67.87% to $83.75 million, as per Coinglass data . Open interest has also climbed 10.98%, now standing at $98.7 million. These figures point to increased activity in both the spot and derivatives network. The upcoming upgrade marks a significant step in Polygon’s roadmap. Since Polygon proof-of-stake launched in 2020, Heimdall v2 has been “the most technically complex hard fork,” according to co-founder Sandeep Nailwal. It updates the consensus layer from Tendermint and Cosmos-SDK v0.37 to CometBFT and Cosmos-SDK v0.50. Shipping Announcement! 🚢 We’ve been on a shipping spree—and next up is Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025. ‼️ This is the most technically complex hard-fork Polygon PoS has seen since it's launch in 2020 ‼️ What’s changing? 1. Heimdall sheds all… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) July 8, 2025 Heimdall v2 also removes legacy code from 2018–2019, cutting technical debt and making the network easier to maintain. The new CometBFT consensus layer improves security, stability, and traceability, key features for applications in regulated sectors. You might also like: Polygon flips Ethereum in key metric: POL price eyes breakout The upgrade supports Polygon’s effort to scale PoS throughput to 1,000 transactions per second in July, with an eventual target of over 5,000 TPS by October via AggLayer . The mainnet upgrade is scheduled to take place between 2:00 PM and 5:00 PM UTC at block height 24,404,500. For post-fork compatibility, node operators have been instructed to switch to Heimdall v1.2.5 or fallback to version 1.2.4. Finality may lag by up to 3 hours during the migration, so dApps are encouraged to temporarily raise confirmation thresholds. The update was successfully deployed on the Amoy testnet on June 24, giving the team confidence that the transition would proceed smoothly. Two significant improvements that were tested include PIP-62 and PIP-44, which are focused on dependency handling and genesis state import. On the daily chart, POL is showing early signs of a breakout. The token has surpassed both the 20-day exponential moving average at $0.1686 and the 20-day simple moving average at $0.1823. The Bollinger Bands are starting to widen, suggesting increased volatility ahead. The intraday break of the upper band, which is at $0.1960, indicates upward momentum. POL price analysis. Credit: crypto.news At 56.78, the relative strength index is getting close to overbought territory but still has room to rise further. If bulls hold above the $0.196 resistance-turned-support, POL might retest the $0.22–$0.24 range. On the downside, the price might drop back to the lower Bollinger Band, which is at $0.168, if $0.19 is not held. Price action may still depend on network stability and the successful rollout on July 10th, even though technical indicators suggest a bullish outlook. Read more: Polygon co-founder Jordi Baylina revives zkEVM tech under new venture, Zisk