Ethereum

Solana

Bitcoin

Polygon

<ul> 
 <li>The blockchain network has pledged to publish a thorough statement post rectification.</li> 
 <li>The zkEVM was added to Polygon’s mainnet beta in March 2023.</li> 
</ul> 
A problem with the blockchain sequencer is causing downtime for the scaling solution for <a href="https://thenewscrypto.com/u-s-sec-delays-decision-on-vaneck-spot-ethereum-etf/" target="_blank" rel="noreferrer noopener">Ethereum</a> layer-2 Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM), the team revealed recently. Polygon told its two million followers on twitter that the problem is exclusive to the zkEVM and would not affect any other chains that have been launched using the <a href="https://thenewscrypto.com/orbs-liquidity-hub-expands-to-polygon-zkevm-with-quickswap-integration/" target="_blank" rel="noreferrer noopener">Polygon</a> chain development kit (CDK). 
The Polygon zkEVM smart contract on Ethereum’s main network receives transactions in batches that are organized and combined by the <a href="https://www.obvious.technology/blogs/what-is-a-sequencer-and-why-is-it-important" target="_blank" rel="noreferrer noopener nofollow">blockchain sequencer</a>, which is where the issue originates, as Polygon said. 
<h3 class="wp-block-heading" id="h-rectification-underway">Rectification Underway</h3> 
Moreover, the blockchain network has pledged to publish a thorough “post-mortem” statement after the problem has been completely rectified and has stressed that it is working on a full resolution. A number of twitter users have been wondering why the crypto community has been so quiet about the unexpectedly protracted network outage. 
Also, this is happening only one month after a major outage on the Solana network. The Solana network had a five-hour outage on February 6th, before validators were able to resume it. <a href="http://solana.com" target="_blank" rel="noreferrer noopener nofollow">Solana</a> has seen around six major outages since January 2022. 
The zkEVM was added to Polygon’s mainnet beta in March 2023 so that developers may deploy smart contracts with more finality and less expense. Reportedly, it simulates the mainnet of Ethereum’s transaction execution environment. According to Polygon, decentralized apps can expand with the help of transaction batching and get better performance thanks to the open-source zkEVM. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/argentina-sees-surge-in-bitcoin-demand-amidst-peso-collapse/" target="_blank" rel="noreferrer noopener">Argentina Sees Surge in Bitcoin Demand Amidst Peso Collapse</a>

Blockchain Sequencer Issue Causes Downtime for Polygon zkEVM

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 25 thg 3, 2024

Arthur Hayes Comments on the Meme Coin Phenomenon in Crypto Markets

Viral Raffle Coin (RAFF) Platform Presale Explodes Amid Big Ethereum (ETH) Corrections & Bitcoin ...

Altcoin trader Rekt Fencer shares strategy behind massive gains with meme coins

Solana Surges Past Major Resistance, Eyes New Peaks: Analyst's Forecast

BlackRock’s Bitcoin ETF Surpasses OKX and Kraken in BTC Holdings!

Shiba Inu’s Potential Ascent: Can the Meme Coin Reach $0.001?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!