Had Experienced Interference, Know What is Polygon zkEVM That Starts Operating Again

In the latest development that caught the attention of the global crypto community, the Polygon zkEVM Mainnet Beta experienced a significant technical glitch. This incident, which occurred on March 23, 2024, caused a nine-hour operational delay and triggered a quick response from the development team.

Polygon, in an effort for transparency, has revealed that the incident only affects zkEVM services, with other services such as Polygon Proof-of-Stake (PoS) and Consensus Development Kit (CDK) remaining operational without interruption. After considerable downtime, the Polygon zkEVM Mainnet Beta successfully resumed operations, providing relief for users and stakeholders.

What is zkEVM Polygon?

Polygon zkEVM, which stands for Zero-Knowledge Ethereum Virtual Machine, is a Layer 2 scalability solution for the Ethereum network that uses zero-knowledge proof technology. This technology allows Polygon zkEVM to verify transactions without revealing the content of the transaction, processing transactions off-chain before combining them into a single proof and sending it to the Ethereum mainnet.

Polygon zkEVM is designed to increase scalability by ensuring validity and faster off-chain transaction processing, while maintaining the overall security of the Polygon network. This makes it easy for developers to build decentralized applications (dApps) and offers lower transaction fees compared to the main Ethereum network.

Check the Crypto Market Today:

Emergency Status Activated

Resolving this issue is made easier by the Emergency Board for Polygon zkEVM Mainnet Beta, which activates the emergency status. This step allows the Polygon zkEVM Core Team to implement the necessary fixes and proceed with L1 completion. Polygon has also announced that there will be a detailed post-incident report to be published next week.

This incident underscores the importance of having robust emergency protocols and the ability to quickly address unforeseen technical challenges. It also highlights the complexity of running a blockchain network with advanced technologies such as rollups.

System Update and Timelock

After successful deployment of the upgrade, the emergency state is disabled. Polygon has announced that future system updates will have a 10-day timelock period for a thorough review prior to implementation. This is a proactive measure to ensure network stability and security.

Timelock in the Polygon blockchain system is a mechanism that ensures any changes or improvements to the system's smart contracts have to wait a certain period of time before they can be executed.

This provides an opportunity for the community to review proposed changes and, if necessary, take action before they take effect. Timelock aims to increase security and transparency in the decision-making process and the implementation of changes to the blockchain.

Also Read How to Buy Crypto:

Kesimpulan 

Secara keseluruhan, gangguan dan pemulihan terbaru pada Polygon zkEVM Mainnet Beta menunjukkan sifat dinamis dan responsif dari teknologi blockchain dan komunitasnya. Insiden ini juga menjadi pelajaran berharga tentang pentingnya kesiapsiagaan dan adaptasi dalam menghadapi masalah teknis di dunia kripto yang cepat berubah.

Cara Beli Polygon (MATIC) di Bittime

You can buy and sell Polygon (MATIC) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Polygon (MATIC) is available on Bittime with the market pair MATIC/IDR. To be able to buy MATIC IDR at Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Polygon (MATIC) on Bittime.

Monitor the price chart movements of Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Polygon (MATIC): Positive and Predicted Trend Touch ATH?

How to Buy and Sell NFTs on Polygon

Polygon zkEVM has successfully achieved type 1 status

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.