Polygon network suffers from extended service outage after upgrade
The layer-2 scaling solution has been down for over 11 hours as users are wondering what the hold-up is on fixing a bug that compromised network consensus. Layer-2 Ethereum scaling solution Polygon has not produced a new block for over 11 hours, with developers attributing the issue to a technical upgrade on the network.On March 10 at 4:20 pm UTC, Polygon (MATIC) network developers notified users on the project’s forum that there would likely be downtime starting at about 5:50 pm UTC due to maintenance required on one of the network’s three layers. A recent upgrade is thought to have....
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The Filecoin network is recovering as miners upgrade to a new client after a four-hour network outage. Decentralized storage protocol Filecoin (FIL) came to a standstill on Dec. 19 as a bug caused instability on the network. According to a project status report issued by the Filecoin team: “The Filecoin network is halted with most nodes stuck at height 336459 with mismatched state compute error due to indeterminate behavior.”Based on the timeline given in the status update, it took less than four hours for the Filecoin dev team to fix the problem. As part of the solution, miners had to....
Polygon claimed that the temporary halt by Binance was done to upgrade and synchronize the nodes as the bug issue has been resolved and the network is stable. Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon (MATIC) Network.The announcement came in the wake of the Polygon network’s outage since March 11 after a network upgrade. The crypto exchange noted that it would reopen the deposit and withdrawal features once the network becomes stable.Polygon network is a layer-2....
The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the U.S. dollar in the last 24 hours. Solana’s Blockchain Deals With More Downtime — Misconfigured Node Blamed for the Outage Solana’s network had an outage again after validators failed to process blocks due to a....
MATIC supply is likely to become deflationary once fee burning commences according to estimates by the Polygon team. The Ethereum upgrade that introduced a partial network fee burning mechanism in August last year has launched on the layer-two scaling network Polygon. Ethereum’s EIP-1559 upgrade shipped with its London hard fork last summer and has been a success in terms of gas price predictability and network fee burning. The upgrade has now launched on the layer-two scaling network Polygon in an effort to improve “fee visibility”. It went live about an hour ago at block 23850000.The....
On Friday, users leveraging the Web3 wallet Metamask complained about service outages after Infura, Metamask’s default endpoint suffered from a “major outage.” The wallet company addressed the situation and explained the problems were due to Infura combating an outage.
Metamask Users Deal With Connection Issues After Infura Suffers From Service Disruption
One of the most popular Web3 cryptocurrency wallets Metamask had issues today after the software’s default endpoint suffered from a “major outage.” On April 22, 2022,....