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Polygon’s network reduces transaction confirmation times from 90 seconds to just 5 seconds through use of Base64 encoding and CometBFT for consensus client to enable real-time transfers and crypto payments

July 1, 2025 //  by Finnovate

Polygon’s launch of Heimdall v2 upgrade not only pushes transaction speeds but also appears to have implications for compliance, especially for fintech startups in Asia. Heimdall v2 is a revamped consensus client that significantly enhances the Polygon PoS network’s performance. The switch from Hex to Base64 encoding and the use of CometBFT for consensus allows for a staggering reduction in transaction confirmation times, going from 90 seconds to just 5 seconds. This leap in speed is crucial for anyone looking to adopt pay solutions that can facilitate instant transactions or accept cryptocurrency payments. With this kind of efficiency, it seems like Polygon is gearing up to be a major player in crypto banking, allowing for real time payments without missing a beat. Polygon’s advancements might indeed put them at a disadvantage. The bar has been raised for faster payments and scalability; keeping up with that will be tough. As Polygon looks towards institutional partnerships, smaller entities could find it hard to compete in terms of market share and tech capabilities. Polygon’s Heimdall v2 is a notable advancement with far-reaching implications for crypto payments and compliance. By enhancing transaction speed and security, it positions itself as a leader in the space, providing fintech startups a fighting chance in regulatory challenges. As the landscape evolves, these changes will undeniably influence the future of currency digital payments.

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Category: Networks Processors & PSPs, Innovation Topics

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