Crypto Outlooks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary
No Result
View All Result
Crypto Outlooks
No Result
View All Result
Home Ethereum

Polygon Team Tackles zkEVM Mainnet Issue; PoS Unaffected

Gary Flanders by Gary Flanders
1 year ago
Polygon Team Tackles zkEVM Mainnet Issue; PoS Unaffected
  • Polygon zkEVM mainnet beta faces issues due to layer one reorganization.
  • Polygon’s PoS network and SDK chains remain unaffected by zkEVM complication.
  • MATIC’s value stable despite zkEVM issues, with slight recent increase.

Recently, the Polygon team disclosed in a post on X that the beta version of their zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet experienced a complication. They explained that the issue arose due to a reorganization at layer one, which caused problems for its sequencer.

Polygon zkEVM Mainnnet Beta faced an issue with its sequencer due to an L1 reorg. We are working on fully resolving the issue and will follow up with a detailed post-mortem.

This only impacts Polygon zkEVM (which is the only rollup) and does not impact Polygon PoS, Polygon CDK,…

— Polygon | Aggregated (@0xPolygon) March 23, 2024

According to the report, the problem has impacted the only rollup on the network, leading to immediate measures taken by the team behind the Polygon blockchain. This particular issue is confined to Polygon’s zkEVM, which is currently in an advanced stage of development as a prototype.

Related

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

SEC Approves First U.S. Ethereum ETFs; Trading Begins

The rest of the Polygon ecosystem remains unaffected, including its Proof-of-Stake (PoS) network and the chains developed using the Polygon SDK. Additionally, chains deployed using the Polygon CDK are still fully functional.

The team at Polygon is diligently working to address the issue and has committed to providing a detailed analysis after the fact, which will include the underlying causes and the steps that will be taken to avoid such issues in the future.

Despite this challenge, Polygon continues to focus on its dedication to innovation. There is growing excitement for the upcoming launch of the next version of zkEVM, which is expected to bring improvements that will enhance the platform’s overall performance.

As of the latest update, the incident has not significantly affected the value of Polygon’s native token, MATIC. In the past 24 hours, MATIC’s value has slightly increased by 0.34%, with its price at $0.9804. Over the last week, the token has experienced a 5% decrease, which is in line with the general trend of the market.

Polygon zkEVM is a layer-2 solution that improves Ethereum’s scalability by processing transactions off-chain and utilizing zero-knowledge proofs.

In September of the previous year, Verichains, a blockchain security company with a strong reputation, discovered a critical vulnerability in Polygon zkEVM. The vulnerability was located in the zkProver module, making the network susceptible to attacks that could forge proofs.

This vulnerability represented a significant threat to the security and safeguarding of assets within the first and second layers of the blockchain ecosystem. Polygon and Verichains have worked together to address and resolve this vulnerability successfully.

Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.

Tags: AltcoinEthereumMATICPolygonzkEVM
TweetShareShare
Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

Read also

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024
Ethereum

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

by Ian Pittman
10 months ago
SEC Approves First U.S. Ethereum ETFs; Trading Begins
Ethereum

SEC Approves First U.S. Ethereum ETFs; Trading Begins

by Ian Pittman
10 months ago
US Spot Ethereum ETFs Set to Launch on July 23 Amid SEC Updates
Ethereum

US Spot Ethereum ETFs Set to Launch on July 23 Amid SEC Updates

by Ian Pittman
10 months ago
Solana Faces $2.16M Liquidations Amid Crypto Market Volatility
Price Analysis

Solana Faces $2.16M Liquidations Amid Crypto Market Volatility

by Gary Flanders
11 months ago
Cardano Node 9.0.0 Launches, Preps for Conway Era and Decentralized Governance
Altcoins

Cardano Node 9.0.0 Launches, Preps for Conway Era and Decentralized Governance

by Gary Flanders
11 months ago
Ethereum (ETH)
3.6%
$ 2,563.70
$ 92.29
⇣ 2,472.36
21 May
⇡ 2,594.21
Crypto Outlooks

Get insights on market trends, new developments, and expert analysis to help you make informed investment decisions.

Browse by Category

  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • Exchanges
  • NFT
  • Price Analysis

Get Instant Notifications

Subscribe to our mailing list to receives latest updates direct to your inbox!

*we hate spam as much as you do

  • Glossary
  • Privacy Policy
  • Get in Touch

© 2025 CryptoOutlooks.com

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary

© 2025 CryptoOutlooks.com