Polygon PoS Recovers from Node Incident, Services Restored

On December 18th, the Polygon Foundation announced a network disruption affecting some RPC nodes of its PoS network, which was resolved without halting overall block production.

The incident had minimal impact on the POL token, which declined by 4%, underscoring the network’s resilience amidst similar past technical challenges.

RPC Node Failure: Polygon Ensures Network Stability

Polygon Foundation announced a failure on the PoS network, affecting RPC nodes but maintaining block production. The team deployed patches to node operators after identifying a faulty proposal by a validator. As Sandeep Nailwal, Co-founder of Polygon, stated, “The disruption was due to a faulty validator proposal that forked Bor nodes and temporarily halted production.” Validators are synchronizing data to reach quorum, while block explorers might still experience delays.

Immediate implications include a verified resolution of the issue as the network continues generating blocks effectively. Operational RPC nodes processed transactions normally during the incident.

Market reactions saw the POL token decrease by approximately 4%, reflecting immediate on-chain activity impacts amidst prevailing market conditions.

Trading Results: POL Token Drops 4% Amid Incident

Did you know? In March 2023, a prolonged outage involving Polygon’s Heimdall led to multi-day disruptions. Hotfixes resolved the issue, highlighting the ongoing vigilance demanded by blockchain networks.

CoinMarketCap data shows Polygon trading at $0.11 with a market cap of $1.13 billion. The POL token experienced a 6.18% decrease in the last 24 hours, consistent with a 59.14% decline over 90 days. Market fluctuations remain a significant aspect of its performance.

Coincu research suggests reinforced technological measures following the incident. Developers emphasize rigorous testing and community collaboration to enhance Polygon’s long-term resilience and regulatory adaptability.