A situation that worries users has emerged on the Polygon network behind the popular altcoin MATIC. Ethereum layer-2 scaling solution Polygon announced that zkEVM (zero-knowledge Ethereum Virtual Machine) is experiencing an outage due to an issue in the blockchain sequencer. The outage started as of the morning of Sunday, March 24, and is currently continuing. This raised concerns in the cryptocurrency market and raised questions about the reliability and scalability of zkEVM. In this news, we will examine the reasons for the outage, its effects and the reactions of the crypto community. Here are the details…
There was a problem with Altcoin Polygon’s zkEVM
Ethereum layer-2 scaling solution Polygon announced that zkEVM (zero-knowledge Ethereum Virtual Machine) is experiencing an outage due to an issue in the blockchain sequencer. The outage started at night on Sunday, March 24th and is currently continuing. In a post to its two million followers, Polygon clarified that the issue is limited to zkEVM and does not affect Polygon PoS, Polygon CDK, or other chains deployed using Polygon CDK.
Polygon explained that the issue stems from the blockchain sequencer, which is responsible for collectively organizing and combining transactions before transmitting them to the Polygon zkEVM smart contract on Ethereum’s mainnet. The Polygon platform said it was working to fully resolve the issue and promised to release a comprehensive “post-mortem” statement once the issue is resolved.
What was the reaction of the crypto community?
Some zkEVM users questioned why the crypto community remained silent about the unexpectedly long network outage. A user named Mirza.inj asked the following question to his 10 thousand followers: “Why is no one talking about Polygon zkevm being down for 10 hours and still being down?” This comes just one month after the Solana network suffered a major outage. cryptokoin.com As we reported, on February 6, block production on the Solana network was reportedly halted for more than five hours. Since January 2022, Solana has experienced nearly half a dozen significant outages.
In March 2023, Polygon launched zkEVM in mainnet beta to allow developers to deploy smart contracts with higher accuracy and lower costs. Upon release, zkEVM was reported to emulate the transaction execution environment of Ethereum’s mainnet. Polygon claimed that the open-source zkEVM unlocks higher performance by allowing decentralized applications to scale through transaction aggregation. The outage affected all decentralized applications (dApps) running on zkEVM and users connected to these dApps. It remains unclear how long the outage will last and how much damage it will cause.
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