Polygon zkEVM Mainnet Beta Back Online After Emergency Fix
Operations have resumed on the Polygon zkEVM Mainnet Beta after a short period of downtime.
Polygon’s beta version of the zero-knowledge Ethereum Virtual Machine (zkEVM) became the latest network to hit a snag, but the team was swift in controlling the damage and applied the necessary fixes.
Over the weekend, Polygon reported that its zkEVM encountered downtime because of an issue with its blockchain sequencer.
In its latest update , the scaling solution revealed the network resumed operations on March 25th.
The Emergency Council for Polygon’s zkEVM Mainnet Beta implemented an emergency status to enable the Polygon zkEVM Core Team to fix a crucial issue, thereby allowing the resumption of L1 settlement on the Polygon zkEVM Mainnet Beta.
After completing this update, Polygon further stated that the emergency status was lifted, meaning that any future system changes will be subject to a 10-day timelock before being implemented.
It’s important to note that the issue only affected Polygon zkEVM Mainnet Beta and did not impact Polygon PoS, Polygon CDK, or any chains deployed using Polygon CDK.
In fact, Polygon said that the sequencer issue was due to an L1 reorg in an earlier update.
“This only impacts Polygon zkEVM Mainnet Beta and does not impact Polygon PoS, Polygon CDK, or any chain deployed using Polygon CDK. We thank both the Emergency Council members and the teams of engineers for their diligent work this weekend on resolving this issue.”
Polygon launched its zkEVM in March 2023. It surged to an all-time high of $187 million in total value locked (TVL) earlier this month but underwent a minor decline to $155 million as of March 24th, as per data compiled by L2Beat.
Total distinct addresses on Polygon zkEVM were recorded at 658k and have been relatively flat throughout the month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dubai luxury properties go digital
MoneyGram Launches MoneyGram Ramps, a Crypto API Service for Developers
Bitcoin ETFs See $675M Inflow, Ethereum Follows Strongly
Bitcoin spot ETFs gain $675M inflow on May 2; Ethereum ETFs also surge with $20M net inflow, both showing zero outflows.Ethereum ETFs Follow the TrendWhat It Means for Crypto Markets

Cardano ETF Could Send ADA Price to $3
Cardano ETF is expected soon and could push ADA to $3 and beyond, marking a historic moment for the blockchain project.Could ADA Hit $3 or More?Why Institutions Are Watching Cardano

Trending news
MoreCrypto prices
More








