Crypto:
30336
Bitcoin:
$64.940
% 0.14
BTC Dominance:
%54.2
% 0.09
Market Cap:
$2.37 T
% 0.16
Fear & Greed:
60 / 100
Bitcoin:
$ 64.940
BTC Dominance:
% 54.2
Market Cap:
$2.37 T

Polygon’s zkEVM Faces Downtime Due to Blockchain Sequencer Issues

Polygon Zkevm

The Polygon zkEVM is currently down due to issues with its blockchain sequencer, causing speculation within the crypto community. Polygon assures its users that it is actively addressing the problem.

Polygon, a layer-2 scaling solution for Ethereum, has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) is experiencing downtime because of an issue with its blockchain sequencer. Polygon clarified that this problem is specific to zkEVM and does not affect any other chains deployed using the Polygon chain development kit (CDK).

The blockchain sequencer, responsible for organizing and combining transactions into batches before relaying them to the Polygon zkEVM smart contract on Ethereum’s main network, is the source of the problem, according to Polygon.

Polygon is working to fully resolve the issue and plans to release a detailed post-mortem statement once the matter is resolved.

Some users on social media platforms like X have been questioning the lack of discussion surrounding the extended network downtime. This incident follows a significant outage experienced by the Solana network just a month prior.

In March 2023, Polygon launched zkEVM to its mainnet beta to enable developers to deploy smart contracts with increased finality and lower costs. The open-source zkEVM aims to scale decentralized applications through transaction batching, offering higher performance.


You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  Altcoin Project Set for Airdrop Secures Funding

Leave a Reply

Your email address will not be published. Required fields are marked *