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Polygon zkEVM Beta hit by sequencer points: Will it have an effect on MATIC worth?

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  • Polygon mainnet zkEVM beta has skilled an issue with the sequencer.
  • Different elements of the Polygon ecosystem, equivalent to PoS and CDK, stay practical.
  • Earlier, blockchain safety agency Verichains recognized a important flaw in Polygon zkEVM.

The zero-knowledge mainnet Polygon Ethereum Digital Machine (zkEVM) beta not too long ago suffered a setback. The Polygon group confirmed this in a latest publish on X, noting that its sequencer confronted difficulties stemming from the reorganization of the primary layer.

In line with the report, the problem affected a single combination on the community and required speedy motion by the Polygon blockchain group. This incident considerations solely the zkEVM Polygon, which is in an nearly full prototype state.

Different elements of the Polygon ecosystem are unaffected, equivalent to its Proof-of-Stake (PoS) community and chains created utilizing the Polygon SDK. Moreover, any chains deployed utilizing the Polygon CDK additionally stay practical.

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As well as, the Polygon group is actively concerned in fixing the issue. He assures the neighborhood {that a} complete autopsy will comply with to make clear the underlying causes and description measures to forestall recurrence.

Regardless of this setback, Polygon stays steadfast in its dedication to innovation. The second technology of zkEVM is anticipated to be launched quickly, promising enhancements to spice up the efficiency of the platform.

At press time, the incident had no vital impression on Polygon’s native ecosystem token, MATIC. Within the final 24 hours, MATIC has elevated by solely 0.34%, bringing its worth to $0.9804. The token can be down 5% over the previous week, reflecting a broader market decline.

For the uninitiated, Polygon zkEVM is a layer 2 protocol constructed to spice up Ethereum’s scalability by leveraging off-chain transaction processing and utilizing zero-knowledge proofs.

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Final September, Verichains, a number one blockchain safety agency, recognized a important flaw in Polygon’s zkEVM. A bug was discovered within the zkProver module, which makes the community susceptible to spoofing assaults.

This vulnerability poses a big threat to the safety and integrity of funds inside Layers 1 and a pair of of the blockchain ecosystem. Specifically, Polygon and Verichains have solved this downside collectively.

Disclaimer: The knowledge supplied on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version shall not be responsible for any losses incurred because of using mentioned content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.

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