Ethereum Layer2 platform Polygon zkEVM encounters a community outage all over its anniversary week. Several block explorers clarify that the community hasn’t produced blocks for practically 24 hours.
The crew explained that sequencing issues from L1 reorganization tampered with the zkEVM Mainnet Beta, causing the outage.
Polygon zkEVM Mainnnet Beta faced a mission with its sequencer due to the an L1 reorg. We are working on fully resolving the area and will likely be conscious up with a detailed put up-mortem.
This handiest impacts Polygon zkEVM (which is the most handy rollup) and would no longer influence Polygon PoS, Polygon CDK,…
— Polygon | Aggregated (@0xPolygon) March 23, 2024
Within the meantime, the venture is working to solve the matter earlier than releasing a complete put up-mortem evaluation. Necessary, the protocol failure is now no longer going to appreciate an tag on Polygon CDK, Polygon PoS, and Polygon CDK-deployed chains.
Polygon zkEVM is an Ethereum-successfully matched scaling rollup solution launched on 27 March 2023. On the opposite hand, the protocol has struggled to influence traction compared to varied L2 competitors.
The community recorded fewer transactions compared to the likes of zkSync and Manta Pacific.
Crypto outages in 2024
Polygon zkEVM’s incident is fragment of recent outages that appreciate plagued the crypto market. For instance, substitute Coinbase crashed continuously as Bitcoin bulls drove previous $70K, main to losses exceeding $100B.
Also, Solana (SOL) suffered a prolonged block-production area on 6 February, reflecting the challenges of guaranteeing stable blockchain performance.
Polygon’s developers are working to solve the continuing zkEVM malfunctions. On the opposite hand, the incident brings worries about the community’s consistency amid the surging competition in the L2 market.
MATIC designate outlook
The outage didn’t appreciate an tag on the native token because it maintained bullishness all over this writing. MATIC won 2.30% in the final 24 hours to alternate at $0.9831.
Furthermore, Polygon enthusiasts remain assured in the asset’s long-term likely, with elevated adoption and zero token unlocks as among the many catalysts.
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