Heimdall v2 mainnet launch on July 10 incites optimism in Polygon's POL token, sparking anticipated price surge
In a significant move towards enhancing its Layer-2 solution, Polygon is set to undergo the Heimdall v2 mainnet upgrade on July 10. This update, successfully deployed on the Amoy testnet on June 24, marks a significant step in Polygon's roadmap, updating the consensus layer and removing legacy code.
Key Features
The upgrade introduces a new consensus layer, CometBFT-based Heimdall 2.0, replacing the legacy components dating back to 2018-2019. This modern, robust consensus engine is designed to strengthen the Polygon PoS blockchain backbone.
Other key features include significantly reduced block finality, expected to be around 5 seconds, improving transaction confirmations. The upgrade also aims to enhance network stability and security, minimising the chances of chain reorganizations beyond two blocks.
Heimdall 2.0 supports Polygon’s vision to scale the PoS throughput to about 1,000 transactions per second (TPS) in July 2025, with ambitions to exceed 5,000 TPS by October 2025 through the AggLayer upgrade. The new consensus layer also improves security, stability, and traceability, crucial for applications in more sensitive and regulated sectors.
Advanced testing and compatibility were ensured through features like PIP-62 and PIP-44, which were tested on the Amoy testnet for dependency handling and genesis state import.
Impacts
During the upgrade, expected to take around 30 minutes, the network’s finality might temporarily lag for up to 3 hours as the core consensus engine transitions. Decentralized applications (dApps) are advised to increase confirmation thresholds during this period.
Node operators must upgrade promptly to avoid disruptions, switching to Heimdall v1.2.5 or fallback to v1.2.4 for post-fork compatibility.
The upgrade is expected to provide a smoother and more secure experience for users and allow for easier future network upgrades.
Market Response
Ahead of the upgrade, the POL token showed positive momentum, reflecting confidence in the network’s technological evolution. As of now, POL is trading at $0.2001, up 7% in the past 24 hours and 11% over the past week. If bulls hold above the $0.196 resistance-turned-support, POL might retest the $0.22-$0.24 range.
However, the relative strength index is getting close to overbought territory, indicating potential for correction. Price action may still depend on network stability and the successful rollout on July 10th.
In summary, the Heimdall v2 upgrade positions Polygon as a faster, more secure, and scalable Layer-2 solution, enhancing its competitiveness and appeal, particularly for applications needing fast finality and robust security frameworks.
[1] Polygon Announces Heimdall v2 Mainnet Upgrade, Set for July 10th (2023), [polygon.technology/heimdall-v2-mainnet-upgrade-set-for-july-10th](http://polygon.technology/heimdall-v2-mainnet-upgrade-set-for-july-10th)
[2] Polygon's Heimdall v2: A New Era for Scalable, Secure, and Fast Transactions (2023), [medium.com/polygon-tech/polygons-heimdall-v2-a-new-era-for-scalable-secure-and-fast-transactions-2945d8521b0e](http://medium.com/polygon-tech/polygons-heimdall-v2-a-new-era-for-scalable-secure-and-fast-transactions-2945d8521b0e)
[3] Polygon's Heimdall v2 Mainnet Upgrade: What You Need to Know (2023), [coinquora.com/polygons-heimdall-v2-mainnet-upgrade-what-you-need-to-know](http://coinquora.com/polygons-heimdall-v2-mainnet-upgrade-what-you-need-to-know)
- The Heimdall v2 mainnet upgrade on Polygon will introduce a new consensus layer, CometBFT-based Heimdall 2.0, aiming to strengthen the Polygon PoS blockchain backbone, thus improving its competitiveness and appeal in the crypto market.
- In addition to strengthening the blockchain, the upgrade aims to scale Polygon's PoS throughput to 1,000 transactions per second (TPS) in July 2023, with potential to exceed 5,000 TPS by October 2023.
- Apart from crypto-related advancements, the upgrade also focuses on applications in more sensitive and regulated sectors, improving security, stability, and traceability.
- Prior to the upgrade, the POL token, a popular crypto token, showed positive momentum, indicating confidence in the network's technological evolution. As of now, POL is trading on Binance and other exchanges at $0.2001, up 7% in the past 24 hours and 11% over the past week.
