Polymarket's new VP of DeFi Engineering, Josh Stevens, announced significant technical upgrades to address the platform's infrastructure limitations due to rapid business growth. Key initiatives include migrating to a new blockchain for lower gas fees and faster block times, overhauling the central limit order book, launching perpetual contracts with new contracts and a Rust backend, fixing transaction cancellation issues, and developing new smart contracts with a unified API. Stevens committed to weekly engineering updates starting next Friday to enhance transparency. Polymarket, currently on the Polygon chain, has faced user concerns over transaction delays and cancellations.
Polymarket Announces Major Technical Upgrades Amid Infrastructure Strain
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