Polygon zkEVM Beta Hits Sequencer Problem: Will MATIC Worth Be Affected?

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  • Polygon's zkEVM mainnet beta has encountered a sequencer difficulty.
  • Different elements of the Polygon ecosystem, resembling PoS and CDK, will proceed to function.
  • Beforehand, blockchain safety firm Verichains recognized a vital flaw in Polygon zkEVM.

Polygon's zero-knowledge Ethereum Digital Machine (zkEVM) mainnet beta lately hit a snag. The Polygon staff acknowledged this in his current publish on X, noting that its sequencer is going through points resulting from layer 1 reorganization.

In line with the report, the difficulty affected the one rollup on the community and required a right away response from the Polygon blockchain staff. Particularly, this incident solely impacts his Polygon's zkEVM, which is in a virtually accomplished prototype state.

Different parts of the Polygon ecosystem, resembling Proof-of-Stake (PoS) networks and chains constructed with Polygon software program growth kits, will not be affected. Moreover, chains deployed utilizing the Polygon CDK will proceed to work.

Moreover, the Polygon staff is actively working to resolve points. Assuring the neighborhood {that a} complete autopsy can be performed to uncover the foundation trigger and description measures to stop it from occurring once more.

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Regardless of these setbacks, Polygon stays steadfast in its dedication to innovation. Expectations are excessive for the upcoming launch of the second era zkEVM, with enhancements promised to reinforce the platform's efficiency.

On the time of writing, this incident had no noticeable influence on Polygon's ecosystem-native token, MATIC. Over the previous 24 hours, MATIC has elevated by solely 0.34%, with a worth of $0.9804. The token has fallen 5% over the previous week, reflecting the general market weak spot.

For the uninitiated, Polygon zkEVM is a layer 2 protocol created to reinforce Ethereum's scalability by using off-chain transaction processing and leveraging zero-knowledge proofs.

Final September, blockchain safety large Verichains recognized a vital flaw in Polygon zkEVM. This flaw was present in his zkProver module, making the community susceptible to proof forgery assaults.

This vulnerability poses a considerable danger to the safety and integrity of funds inside layers 1 and a pair of of the blockchain ecosystem. Notably, Polygon and Verichains have teamed as much as repair this difficulty.

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