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Ethereum Layer2 platform Polygon zkEVM encounters a community outage throughout its anniversary week. A number of block explorers reveal that the community hasn’t produced blocks for practically 24 hours.
The workforce defined that sequencing points from L1 reorganization tampered with the zkEVM Mainnet Beta, inflicting the outage.
Polygon zkEVM Mainnnet Beta confronted a difficulty with its sequencer on account of an L1 reorg. We’re engaged on totally resolving the problem and can comply with up with an in depth autopsy.
This solely impacts Polygon zkEVM (which is the one rollup) and doesn’t impression Polygon PoS, Polygon CDK,…
— Polygon | Aggregated (@0xPolygon) March 23, 2024
In the meantime, the challenge is working to resolve the matter earlier than releasing a complete autopsy evaluation. Notable, the protocol failure is not going to have an effect on Polygon CDK, Polygon PoS, and Polygon CDK-deployed chains.
Polygon zkEVM is an Ethereum-compatible scaling rollup answer launched on 27 March 2023. Nonetheless, the protocol has struggled to achieve traction in comparison with different L2 rivals.
The community recorded fewer transactions in comparison with the likes of zkSync and Manta Pacific.
Supply – The Block
Crypto outages in 2024
Polygon zkEVM’s incident is a part of latest outages which have plagued the crypto market. As an illustration, change Coinbase crashed repeatedly as Bitcoin bulls drove previous $70K, resulting in losses exceeding $100B.
Additionally, Solana (SOL) suffered a protracted block-production situation on 6 February, reflecting the challenges of making certain steady blockchain efficiency.
Polygon’s builders are working to resolve the continuing zkEVM malfunctions. Nonetheless, the incident brings worries in regards to the community’s consistency amid the surging competitors within the L2 market.
MATIC worth outlook
The outage didn’t have an effect on the native token because it maintained bullishness throughout this writing. MATIC gained 2.30% within the final 24 hours to commerce at $0.9831.
MATIC 1D Chart on Coinmarketcap
Furthermore, Polygon fans stay assured within the asset’s long-term potential, with elevated adoption and 0 token unlocks as among the many catalysts.
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