Cointime

Download App
iOS & Android

Polygon zkEVM down due to issues with blockchain sequencer

Validated Media

Ethereum scaling protocol Polygon has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) is currently experiencing downtime due to an issue with its blockchain sequencer.

In a post on X, Polygon reassured its two million followers that the issue is confined to the zkEVM specifically and does not impact any other chain deployed using the Polygon chain development kit (CDK).

“This only impacts Polygon zkEVM (which is the only rollup) and does not impact Polygon PoS, Polygon CDK, or any chain that has deployed using Polygon CDK.”

Polygon clarified that the problem comes from the blockchain sequencer, which is responsible for organizing and combining transactions into batches before relaying them to the Polygon zkEVM smart contract on Ethereum's main network.

The blockchain platform emphasized it is working on fully resolving the issue and has promised to release a comprehensive "post-mortem" statement once the matter is resolved.

Polygon posted on X regarding the zkEVM downtime.

Several X users were speculating over why the crypto community has remained silent regarding the unexpected prolonged network downtime.

A user on X, 0xngmi asked his 101,900 followers “why is nobody talking about how Polygon zkevm has been down for 10h and is still down?”

While another user who goes by the username Mirza.inj, highlighted to his 14,800 followers why "Polygon zkEVM was down for over 10 hours and no one said anything."

This comes only a month after the Solana network experienced a significant outage.

On Feb. 6, Cointelegraph reported that block production on the Solana network halted for over five hours before validators restarted the network. Since January 2022, Solana has seen around half a dozen significant outages.

In March 2023, Polygon launched the zkEVM to its mainnet beta in an effort to allow developers to deploy smart contracts with increased finality and lower costs.

After it was released, Cointelegraph reported that it mimics the transaction execution environment of Ethereum’s mainnet.

Polygon claimed that the open-source zkEVM allows decentralized applications (DApps) to scale through transaction batching, unlocking higher performance.

Comments

All Comments

Recommended for you

  • A bill protecting Bitcoin rights has been signed into law in Oklahoma

    A bill protecting basic Bitcoin rights has been signed into law in Oklahoma. Oklahoma will now defend the rights to self-custody, consume Bitcoin and digital assets, and operate nodes for mining Bitcoin. It will also prohibit additional taxation when Bitcoin and digital assets are used as a payment method.

  • Fed's Schmid: Low interest rate environment "may not necessarily" return

    The Federal Reserve's Schmid said that the overall economy is still strong. Inflation is still too high, and the Federal Reserve has more work to do. Interest rates may remain high for a period of time, and I prefer to reduce the Federal Reserve's balance sheet as much as possible under the premise of compliance with the operating framework. The low interest rate environment may "not necessarily" return.

  • a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy

    Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the "21st Century Financial Innovation and Technology Act" (FIT21). We have long called for clear regulation to protect consumers and innovation, and the FIT21 bill will achieve this.

  • Fuel Network DeFi Protocol Spark Completes $1.5 Million Pre-seed Round of Funding

    On May 15th, Fuel Network's DeFi protocol Spark announced the completion of a $1.5 million pre-seed round of financing with participation from P2 Ventures.

  • A certain address may have lost assets worth about $4.3 million due to private key leakage

    According to CertiK monitoring shows that due to suspicious transactions, preliminary evidence suggests that the private key may have been leaked, and a total of approximately $4.3 million worth of assets have been transferred to the address 0x2705.

  • Tornado Cash developer's 64-month sentence unlikely to impact Roman Storm's US case

    The Dutch court has ruled that Pertsev, a 31-year-old, laundered $1.2 billion through Tornado Cash. A panel of three judges sentenced Pertsev to five years and four months in prison. The court stated in its final conclusion, "The court believes that legally and factually, the suspect, together with others, laundered Ethereum obtained through criminal means, and he has become accustomed to this money laundering behavior." Meanwhile, Tornado Cash co-founder Roman Storm's trial in the United States began on September 23. Last year, US prosecutors charged Storm and co-founder Roman Semenov with conspiracy to launder money, conspiracy to violate sanctions, and conspiracy to operate an unlicensed money transmission business. Semenov remains at large at the time of the indictment.

  • Wisconsin Pension System Holds $164 Million in Spot Bitcoin ETF Assets

    A government entity responsible for managing trust funds in Wisconsin, USA, disclosed in a filing with the Securities and Exchange Commission (SEC) that it holds over 2.4 million shares of BlackRock's iShares iBoxx $ Investment Grade Corporate Bond ETF (IBIT) and over 1 million shares of Grayscale's Bitcoin Investment Trust (GBTC), valued at approximately $100 million and $64 million, respectively. The filing suggests that the Wisconsin Retirement System may be investing in cryptocurrencies through these asset management companies.

  • RWA platform Re completes new round of financing of US$7 million, led by Electric Capital

    Re, a tokenized reinsurance RWA platform, has completed a new round of funding of $7 million, led by Electric Capital. It is reported that the project had completed a seed round of funding of $14 million at the end of 2022. Re's goal is to support $200 million in premiums by the end of this year.

  • Crypto prediction market Polymarket has raised $70 million in two rounds of funding

    Peter Thiel's venture capital firm, Founders Fund, is investing in the cryptocurrency prediction market Polymarket. A spokesperson for Polymarket stated that the company has raised $70 million in two rounds of financing, with the latest round led by Founders Fund. The company's supporters also include Ethereum co-founder Vitalik Buterin, and it has been attracting users to predict the outcomes of various events, with bets on the 2024 US presidential election becoming the most popular contract on its platform.

  • In April, Polygon’s on-chain NFT sales exceeded US$50 million, setting the second highest record of the year

    According to Cryptoslam data, the NFT sales on Polygon chain in April exceeded 50 million US dollars, reaching 51,539,690.69 US dollars, setting the second highest monthly sales record in 2024, second only to January's sales of 112 million US dollars this year. In addition, the NFT trading volume on Polygon chain in April increased significantly to 1.5 million transactions, with nearly 90,000 independent sellers and over 33,000 independent buyers.