Fun

Polygon zkEVM down due to issues with blockchain sequencer

News Feed - 2024-03-24 01:03:15

Ciaran Lyons4 hours agoPolygon zkEVM down due to issues with blockchain sequencerThe crypto community has been pondering on social media about the ongoing downtime, while Polygon assures its users that it is actively working to resolve the issue.1282 Total views17 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksEthereum scaling protocol Polygon has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) is currently experiencing downtime due to an issue with its blockchain sequencer.


In a post on X, Polygon reassured its two million followers that the issue is confined to the zkEVM specifically and does not impact any other chain deployed using the Polygon chain development kit (CDK).“This only impacts Polygon zkEVM (which is the only rollup) and does not impact Polygon PoS, Polygon CDK, or any chain that has deployed using Polygon CDK.”


Polygon clarified that the problem comes from the blockchain sequencer, which is responsible for organizing and combining transactions into batches before relaying them to the Polygon zkEVM smart contract on Ethereum"s main network.


The blockchain platform emphasized it is working on fully resolving the issue and has promised to release a comprehensive "post-mortem" statement once the matter is resolved.Polygon posted on X regarding the zkEVM downtime.


Several X users were speculating over why the crypto community has remained silent regarding the unexpected prolonged network downtime.


A user on X, 0xngmi, asked his 101,900 followers “why is nobody talking about how Polygon zkevm has been down for 10h and is still down?”


While another user who goes by the username Mirza.inj, highlighted to his 14,800 followers why "Polygon zkEVM was down for over 10 hours and no one said anything."


Related:Immutable, Polygon’s new $100M fund to throw cash at Pixelmon, among others


This comes only a month after the Solana network experienced a significant outage.


On Feb. 6, Cointelegraph reported that block production on the Solana network halted for over five hours before validators restarted the network. Since January 2022, Solana has seen around half a dozen significant outages.


In March 2023, Polygon launched the zkEVM to its mainnet beta in an effort to allow developers to deploy smart contracts with increased finality and lower costs.


After it was released, Cointelegraph reported that it mimics the transaction execution environment of Ethereum’s mainnet.


Polygon claimed that the open-source zkEVM allows decentralized applications (DApps) to scale through transaction batching, unlocking higher performance.


Magazine:Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal# Blockchain# Ethereum# Polygon# zk-RollupAdd reactionAdd reactionRead moreSEC pushes back decision on Grayscale Ether futures ETFEthereum price clings to key support amid SEC probe and traders’ shifting sentimentPrice analysis 3/22: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON

News Feed

Kirobo’s P2P Swap Button Enables Crypto Market’s First Slippage-Free, Direct Token Swaps
Kirobo"s P2P Swap Button Enables Crypto Market"s First Slippage-Free, Direct Token Swaps press release PRESS RELEASE. Tel Aviv – July 27, 2021 – Kirob
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD sta
Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions
Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions While crypto-asset markets have shed billions during the last week, the top meme tokens coins by ma
Do Kwon to be extradited to US following last-ditch effort in Montenegrin court: Report
Turner Wright6 hours agoDo Kwon to be extradited to US following last-ditch effort in Montenegrin court: ReportThe High Court of Podgorica in Montenegro reportedly rejected a request to extradite Terraform Labs co-founde
Biggest Movers: XRP Hits 1-Week High, as NEAR Falls Again
Biggest Movers: XRP Hits 1-Week High, as NEAR Falls Again During what can be described as a choppy trading session, it was XRP which was one of the most notable gainers, climbing t
Bitcoin ‘cascading long squeeze’ to blame for slump to $60K
Ciaran Lyons3 hours agoBitcoin ‘cascading long squeeze’ to blame for slump to $60KAn increasing number of traders entering new long positions was the “fuel” behind Bitcoin’s slump to $60,000, according to Bitco
Dubai Creates Committee to Help Cement Its Position as ‘Key City in the Metaverse’
Dubai Creates Committee to Help Cement Its Position as "Key City in the Metaverse" The rulers of Dubai have created a committee that is mandated with tracking the latest developmen
Derek Andersen2 hours agoInternational financial group finds gaps in digital euro legislative packageThe Institute of International Finance looked at seven areas where digital euro legislation, which is being developed a
Custom NFT Marketplace Creaticles ($CRE8) Announces Fantom Integration as Part of Multi-Chain Expansion
Custom NFT Marketplace Creaticles ($CRE8) Announces Fantom Integration as Part of Multi-Chain Expansion press release PRESS RELEASE. Boston, 6 April 2022 –Creaticles ($CRE8),
New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature
New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul"s Signature The state of New York passed a bill that puts a moratorium on specific types of
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
A String of 200 "Sleeping Bitcoins" From 2010 Worth $4.27 Million Moved on Friday While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mi
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum It’s fair to say that the first ten days of November have been nothing short of historic in cryptocu