tl;dr
Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) recently faced over 12 hours of downtime, prompting concerns about reliability and scalability. The downtime was attributed to a glitch in the protocol sequencer, but other platforms remained unaffected. This incident raised challenges for th...
Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) recently faced over 12 hours of downtime, prompting concerns about reliability and scalability. The downtime was attributed to a glitch in the protocol sequencer, but other platforms remained unaffected. This incident raised challenges for the Layer 2 network, and industry experts cautioned against "trash L2s" and networks with centralized sequencers without robust fraud prevention mechanisms. Despite the issues, Polygon plans to upgrade the zkEVM protocol and retain modest growth for its MATIC token.
Indeed, several crypto stakeholders raised concerns about the network’s inability to produce blocks for several hours, drawing comparisons to Solana and raising questions about Polygon’s reliability and scalability. The downtime was attributed to a glitch in the protocol sequencer triggered by a Layer 1 reorganization, which affected the network’s ability to verify, organize, and compress transactions. While other Polygon platforms remained unaffected, the incident has raised concerns about fraudulent practices in the Layer 2 ecosystem, prompting caution from industry experts against networks without robust fraud prevention mechanisms.
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