THELOGICALINDIAN - The affair seems to accept arisen from an beforehand advancement to the network
Polygon, one of Ethereum’s top ascent solutions, is experiencing an abeyance today, according to assorted announcements and updates.
Outage Is Likely Due to Heimdall Bug
Polygon is down.
The activity aggregation stated that Proof-of-Stake users will “likely acquaintance downtime” alpha aboriginal today.
It attributed the outages to issues with Polygon’s Heimdall node, which acts as a verifier band that creates checkpoints.
Though a absolute account has not been found, the aggregation says that the botheration arose from a “minor parameterization fix” to a bore that acts as a Proof-of-Stake arch amid Ethereum and Polygon.
It additionally said that the bug may accept acquired Heimdall validators to activate application altered alternation versions, thereby declining to ability 2/3 accord and awkward Heimdall. According to the team, a Heimdall abeyance would additionally arrest Polygon’s Bor node, which serves as a block ambassador band and which is the “user-facing Proof-of-Stake chain.”
The aggregation appropriate that all user funds are safe, as Heimdall alone handles validator transactions, not affairs amid users.
Downtime was accepted to activate at 17:50 UTC on Mar. 10. The Polygon block charlatan Polygonscan confirms that, as of 21:50 UTC, there accept been no new blocks for four hours.
Delays on Polygon were ahead appear in January. However, statements from the team at the time advance that those delays were due to aerial appeal rather than a abstruse issue.
Polygon Remains Popular
Polygon is an Ethereum ascent solution. Some of Ethereum’s better decentralized accounts (DeFi) apps, including Uniswap, Aave, SushiSwap, and Curve Finance, accept called to advantage Polygon for faster transaction speeds and lower fees.
Polygon’s MATIC badge is currently the 16th better cryptocurrency by bazaar cap. Today’s abeyance does not assume to accept afflicted prices. MATIC’s amount is bottomward 2.3% over the accomplished 24 hours—slightly outperforming Bitcoin, which is bottomward 5.4% today.
Polygon additionally appear today that added than $3.9 billion of MATIC is actuality staked in its validator ecosystem, and that added than $700 actor in rewards accept been broadcast to participants.
Update: The Polygon aggregation accepted the arrangement had resumed operation at 01:49 UTC on Mar. 11. The commodity has been adapted to accredit to Polygon as a ascent band-aid rather than a Layer 2 network.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and added cryptocurrencies.
