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Polygon zkEVM Beta Hit by Sequencer Issues: Will It Impact MATIC Price?

Published 03/24/2024, 08:07 PM
Updated 03/24/2024, 08:15 PM
Polygon zkEVM Beta Hit by Sequencer Issues: Will It Impact MATIC Price?
MATIC/USD
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  • The beta version of Polygon’s zkEVM mainnet encountered a sequencer issue.
  • Other parts of the Polygon ecosystem, like PoS and CDK, remain operational.
  • Previously, blockchain security firm Verichains identified a critical flaw in Polygon zkEVM.

The beta version of Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet recently encountered a setback. The Polygon team acknowledged this in a recent post on X, noting its sequencer faced difficulties stemming from a layer one reorganization.

Per the report, this issue affected the sole rollup on the network and has prompted immediate action from the Polygon blockchain team. Notably, this incident exclusively impacts Polygon’s zkEVM, which is in a nearly complete prototype state.

Other components of the Polygon…

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