Polygon receives criticism as it ends Hard Fork with only 13 validators

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Matic, the native token of the Polygon blockchain network, jumped 17% the week after the blockchain executed a so-called hard fork to drastically upgrade its infrastructure, although the move also drew criticism as to whether if it is in fact a decentralized network, because it was approved by just 13 validators.

Key Takeaways Polygon executed a hard fork on January 17 at 10:45 UTC with the help of only 15 validators. The crypto community questions the decentralized nature of Polygon, as 13 out of 15 validators voted in favor of the change. The hard fork will reduce gas charge spikes during periods of high activity and chain reorganization by reducing the time it takes to complete a block of data. Only 15 validators reviewed the network

Ethereum performance enhancer Polygon revamped its network on January 17, aiming to improve blockchain performance by reducing gas fees and the time it takes to complete transactions.

Originally discussed in December 2022, the fork was to be voted on by 100 validators and infrastructure providers to upgrade the network. However, in the voting process, only 15 teams of validators participated, and 13 of them voted in favor of the proposal, which is extremely low as the hard fork needs a supermajority to make any changes.

How decentralized is DeFi?

The hard fork is hailed as a technological breakthrough. However, the way Polygon did this raised questions about the network’s decentralization stance and its organizational structure. There has already been some debate within the Polygon community about whether the hard fork was necessary. On Twitter, the crypto community criticized Polygon, calling it a centralized network and asking about the decentralization of decentralized finance, DeFi?

The essential

This is not the first time that a decentralized network has been criticized for its centralized nature. In 2021, Uniswap, the popular Ethereum-based decentralized exchange, came under fire for removing tokens from the list without voting or consulting its members, raising questions about the control creators can have over crypto.

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