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The layer2 scaling solution suffered an extended outage following a platform upgrade.

The layer2 ETH scaling solution Polygon hasn’t produced blocks for more than 11 hours. Developers attribute the network outage to a technical issue amid the platform upgrade.

Polygon developers notified users about possible downtimes due to network maintenance on the network’s layer. Analysts attribute the consensus error to the latest upgrade.

Furthermore, developers suspected a bug within the upgrade impacted the platform, separating Heimdall validators, thereby not attaining 1/3 consensus.

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The outage was stated around 5:54 PM UTC, as expected. At 1:30 AM UTC, the Polygon team declared working to solve the issue. Also, they revealed deploying the hotfix to continue producing blocks. However, the hotfix doesn’t seem to have an impact as of this publication. Nevertheless, developers guaranteed users that their data and funds were secure.

Though Polygon users understood an impeding outage, six hours after the error saw the community rumbling, most users complained about the length the outage took. Others revealed that the outage impacted their crypto business or profession. For instance, @Miklos211 stated that he couldn’t work due to Polygon’s glitch.

The polygon ecosystem has three layers, each with a different role. The Ethereum layers support smart contracts, whereas the Bor layer aids in blocking production. The third one, Heimdall, is where the issue is. Heimdall comprises a Proof-of-stake node that helps the Polygon platform attain a consensus. The platform cannot reach a consensus target. Thus the inability to form new blocks.

The last massive error that Polygon solved risked funds worth $24 billion, but the developers fixed it without further issues.

In other updates, Polygon recently collaborated with TokenTraxx, a Multichain music NFT marketplace, to allow MATIC users to access the marketplace. With TokenTraxx, musicians can tokenize the art and sell them as non-fungible tokens.

Though developers work all possible ways to promise fixes, the network outage might ruin overall sentiment on Polygon. That might lead to a price fall in the blockchain’s native coin, MATIC. While publishing this article, the alt traded at $1.44. It may be stimulating to watch how platform developments can impact prices. Stay tuned.

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Nathan Ferguson

By Nathan Ferguson

Nathan Ferguson is a talented crypto analyst and writer at Herald Sheets, dedicated to delivering comprehensive news and insights on the ever-evolving digital currency landscape. With a strong background in finance and technology, Nathan's expertise shines through in his well-researched articles and thought-provoking analysis. He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.