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Polygon is increasing network charges to prevent spam attacks

Polygon will increase its network fees from 1 Gwei to 30 Gwei, announced co-founder Sandeep Nailwal in a forum post. The network also breaks access to NFT tokens through the OpenSea marketplace integration.

Raising the gas fee to 30 Gwei is a measure to prevent spam transactions

Polygon will officially increase network charges as an additional measure to help prevent spam transactions caused by many previous attacks. Fortunately, the consequences are all very minor. Rising gas charges make these tricks difficult to perform as the cost of spam transactions increases. Of course, the community can question the decentralization of the project as the team increases network fees at will. Perhaps in the future, Polygon will establish a more decentralized governance model.

Rising network charges are inevitable for increasingly popular platforms. Whether or not you want to prevent spam transactions, network charges tend to increase as more users use them.

Polygon works well in terms of both mass adoption and price. Even daily active users topped Ethereum for the first time this month. Network scaling solutions have been adopted from several other large projects and have received great feedback. Polygon continues to develop new products and solutions, including entering the NFT market.

OpenSea comes to Polygon

Polygon’s success has led to several important developments, including the introduction of OpenSea on the Polygon network. On October 4th, this NFT marketplace announcement team integrated Polygon’s solutions to enable faster, lower-cost transactions.

Source: OpenSea Marketplace

Users can easily switch to the Polygon Network on OpenSea by selecting it from the Chains tab. You only need to pay the minimum gas fee to transfer ETH. In addition, users have access to a number of other benefits, including purchasing Polygon NFTs at a fixed price. Further advantages are the possibility to mint NFTs without gas fees and to pay NFTs in ETH, DAI or USDC.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.