|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Polygon zkEVM Outage Resolved, Complexity of ZK Tech Flagged
Mar 26, 2024 at 05:00 am
Polygon zkEVM developers have resolved the issue that led to the weekend outage, which lasted over ten hours. The outage was initially attributed to software that bundled transactions from the Layer 2 chain to the Ethereum mainnet, but a Polygon Labs executive suggests that the complexity of ZK technology may have also contributed. The network has since resumed normal operations, and a full report on the cause of the outage is expected early next week.
Polygon zkEVM Outage Resolved, Complexity of ZK Technology Implicated
By The Wall Street Journal
March 25, 2024
Developers of the Polygon zkEVM have fully resolved the technical issue that caused a prolonged outage of the Layer 2 scaling solution over the weekend.
Emergency Fix Deployed
According to Polygon Labs, the issue was resolved following an intervention by the network's Emergency Council, a select group of trusted network participants responsible for overseeing upgrades and addressing critical incidents. The council authorized developers to deploy an emergency fix that restored normal network operations.
Root Cause Analysis Pending
Developers have indicated that a full report on the root cause of the outage will be released early next week. Initial investigations pointed to a synchronization issue between the network's sequencer, responsible for ordering transactions, and the Ethereum mainnet.
ZK Technology Complexity
While users await the detailed report, Polygon Labs Vice President of Product David Silverman acknowledged the inherent challenges associated with Zero-Knowledge (ZK) technology, the foundation of the zkEVM.
"ZK is hard," Silverman tweeted. "It is still inevitable, but we had a tough weekend. We are tremendously proud of the team for getting the network back up."
ZK-rollups offer enhanced security and faster settlement compared to Optimistic rollups, but the technology is still in its early stages of development. It faces significant hurdles, including the computationally intensive process of generating cryptographic proofs and Ethereum's non-ZK-friendly design.
Innovation and Collaboration
Polygon Labs and other industry leaders, such as StarkWare, continue to drive innovation in the ZK space. Recently, they collaborated to develop Circle STARKs, a more efficient proving system.
Industry Context
Network outages have become increasingly common in the cryptocurrency industry, including in the Ethereum Layer 2 ecosystem. In December 2023, Arbitrum, the largest Ethereum Layer 2 network by total value locked (TVL), experienced a five-hour outage due to a surge in user activity. Similarly, zkSync Era, the largest ZK-rollup by TVL, faced a four-hour outage in the same month.
Beta Status and Impact
It is important to note that Polygon zkEVM is still in beta, allowing developers to conduct extensive testing and resolve potential issues. The outage did not affect Polygon PoS or any other chains powered by the Polygon SDK.
Implications
The Polygon zkEVM outage underscores the ongoing evolution and maturation of technology in the Ethereum Layer 2 space. It highlights the challenges associated with scaling Ethereum and the need for continued innovation and collaboration to improve network reliability and performance.
Additional Resources
- Polygon's 12-Hour Outage Is Not What You Think. Here's Why
- Ethereum Long-Term Holders Unfazed by SEC Probe, Data Shows
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- RWA Tokenization Platform Allo Secures $100M in Debt Financing to Bolster Bitcoin (BTC)-Backed Lending Business
- Dec 24, 2024 at 10:45 am
- The RWA market currently hovers near $900 trillion, while tokenized assets are projected to make up 10% of global gross domestic product worth $24 trillion by 2027.