As a foxy Crypto Detective, I’ve got my eye on the recent happenings in the Polygon network. They underwent a process called a hard fork, which created a new version of their blockchain that aims to make transactions faster and reduce the cost of using it.
Unrest in the Polygon Community
While some folks are praising this as a step forward, others are raising red flags about how the fork was done. They’re saying that it shows that the Polygon network may not be as decentralized as it should be.
You see, the Polygon team had suggested the hard fork back in December as a way to speed up transactions and fix some other issues. But, this caused some heated debates among the Polygon community. Some members wanted more info about the changes being proposed, while others were critical of the leadership for not focusing on other important issues that didn’t require such drastic measures.
To try and settle things, the Polygon leaders held a vote. But, only a small group of 100 people who run the Polygon network, called validators, were allowed to vote on whether or not to proceed with the proposed hard fork.
Only 15 People Decided the Fate of Polygon
In the end, only 15 validators participated in the vote, and out of those, 13 approved the plan. This means that only 13 votes ultimately decided the fate of the entire Polygon network.
It’s no surprise that the team faced a lot of backlash following this outcome. Many members of the community felt that the voting process was unfair and too centralized.
As a Crypto Detective, it’s my job to keep an eye on events like this hard fork and the community’s reaction to it. It’s important to consider whether a blockchain network is truly decentralized, as this can have a big impact on its long-term success. In this case, it’s clear that there are some concerns about the level of decentralization within the Polygon network and it’s important to keep an eye on this topic in the future.