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Cryptocurrency News Articles
Polygon's zkEVM Outage: Impact, Timeline, and Community Concerns
Mar 24, 2024 at 01:02 pm
Polygon's zkEVM is currently facing an outage, causing concerns within the community. The issue stems from the blockchain sequencer, impacting the zkEVM's functionality. This downtime, although limited to zkEVM, does not affect other Polygon chains. The timeline for restoration remains uncertain, highlighting the importance of addressing the impact on users and the overall Polygon ecosystem.
Polygon's zkEVM Downtime: What's Going On?
Polygon, a leading Ethereum scaling protocol, has been grappling with an ongoing outage affecting its zero-knowledge Ethereum Virtual Machine (zkEVM).
What's the Problem?
Polygon has pinpointed the issue to its blockchain sequencer, which orchestrates and bundles transactions before forwarding them to the Polygon zkEVM smart contract on Ethereum's mainnet.
What's the Impact?
The downtime is limited to the zkEVM and does not affect other Polygon chains built using the chain development kit (CDK).
When Will It Be Fixed?
Polygon is working diligently to resolve the problem and has pledged to provide a detailed post-mortem report once it's resolved.
Why the Silence?
Despite the extended outage, some crypto enthusiasts have noted a lack of buzz within the community. Users on Twitter have questioned why the prolonged downtime has not garnered more attention.
A Reminder of Solana's Troubles
This outage echoes recent struggles faced by the Solana network, which experienced a lengthy outage in February. Solana has had several significant outages since January 2022.
Polygon's zkEVM: A Brief History
Launched in March 2023, Polygon's zkEVM allows developers to deploy smart contracts with enhanced finality and reduced costs. It emulates Ethereum's mainnet transaction execution environment and enables DApps to scale through transaction batching.
Polygon's Ambitions
Polygon has been vocal about its aspirations to become a dominant force in the Ethereum scaling landscape. The zkEVM is a key component of this strategy, as it provides a more efficient and cost-effective way to deploy smart contracts.
Slumdog Billionaire 2: Polygon's Path to Success
In a recent interview, Polygon's co-founder, Sandeep Nailwal, reflected on the company's journey from humble beginnings to its current status as a blockchain powerhouse. Nailwal emphasized the importance of staying true to their mission and focusing on long-term growth rather than short-term hype.
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