Polygon zkEVM Beta Hit by Sequencer Points: Will It Influence MATIC Value?

• The beta model of Polygon’s zkEVM mainnet encountered a sequencer problem.
• Different elements of the Polygon ecosystem, like PoS and CDK, stay operational.
• Beforehand, blockchain safety agency Verichains recognized a essential flaw in Polygon zkEVM.

The beta model of Polygon’s zero-knowledge Ethereum Digital Machine (zkEVM) mainnet just lately encountered a setback. The Polygon group acknowledged this in a current publish on X, noting its sequencer confronted difficulties stemming from a layer one reorganization. 

Per the report, this problem affected the only real rollup on the community and has prompted fast motion from the Polygon blockchain group. Notably, this incident completely impacts Polygon’s zkEVM, which is in a virtually full prototype state.

Different elements of the Polygon ecosystem are unaffected, like its Proof-of-Stake (PoS) community and chains constructed with the Polygon software program growth equipment. Furthermore, any chains deployed utilizing Polygon CDK additionally stay operational.

Moreover, the Polygon group is actively engaged in resolving the issue. It assures the neighborhood {that a} complete autopsy evaluation will comply with to make clear the foundation causes and description measures to stop recurrence.

Regardless of this setback, Polygon stays steadfast in its dedication to innovation. Anticipation is constructing for the upcoming launch of the second-generation zkEVM, promising enhancements to bolster the platform’s efficiency.

At press time, the incident had no notable influence on Polygon’s ecosystem native token, MATIC. Within the final 24 hours, MATIC has solely elevated by 0.34%, placing its worth at $0.9804. The token has additionally fallen by 5% over the previous week, mirroring the broader market downturn.

For the uninitiated, Polygon zkEVM is a layer-2 protocol crafted to bolster Ethereum’s scalability by using off-chain transaction dealing with and leveraging zero-knowledge proofs. 

Final September, Verichains, a number one blockchain safety agency, recognized a essential flaw in Polygon zkEVM. The flaw was discovered within the zkProver module, rendering the community susceptible to proof forgery assaults. 

This vulnerability poses a substantial threat to the safety and integrity of funds inside the blockchain ecosystem’s layers 1 and a couple of. Notably, Polygon and Verichains have collaboratively fastened the difficulty.