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Polygon zkEVM Mainnet Beta Is Now Resumed Operation After Delays

Key Points:

Polygon zkEVM Mainnet Beta version resumes operation after experiencing downtime, thanks to emergency repairs facilitated by the Emergency Council.
Following the restoration, a 10-day time lock will be implemented for future system updates, with detailed follow-up reports to be released on the Polygon Foundation forum.
The Polygon zkEVM initiative strives for enhanced smart contract deployment despite past hurdles, such as a flaw identified by Verichains last September.

After experiencing downtime on March 24, 2024, Polygon zkEVM Mainnet Beta version is back online following emergency repairs.

Polygon zkEVM Mainnet Beta Is Now Resumed Operation After Delays 2

Polygon zkEVM Mainnet Beta Restored After Downtime

The Polygon zkEVM Mainnet Beta Emergency Council was activated to facilitate necessary fixes to the system and restore L1 settlement operations.

This emergency state allows the Polygon zkEVM core team to address issues promptly. Once the upgrade is completed, future system updates will require a 10-day time lock for implementation. Detailed follow-up reports will be posted on the Polygon Foundation forum.

It’s important to note that this incident solely impacts the Polygon zkEVM mainnet test version, with no repercussions on Polygon PoS, Polygon CDK, or any chains deployed using Polygon CDK.

Polygon’s zkEVM initiative, launched in March 2023, aims to optimize smart contract deployment by increasing finality and reducing costs. Utilizing the Zk-Rollups mechanism, Polygon zkEVM conducts off-chain calculations, enhancing processing speed and reducing transaction costs, all while upholding Ethereum’s security standards.

Polygon Continues Strides in Smart Contract Deployment Despite Challenges

Despite its advancements, the journey has encountered obstacles, such as a flaw identified by blockchain security firm Verichains last September.

Anticipation mounts for the release of the second-generation zkEVM, promising further enhancements to performance. As of now, Polygon has not provided additional updates on the status of the zkEVM Mainnet Beta.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.