Polygon, one of Ethereum's leading Layer-2 networks, successfully completed a hard fork to address issues related to transaction confirmations.
What Went Wrong?
The network slowed down due to a bug in Polygon’s software. Validators responsible for confirming transactions were not syncing correctly, leading to longer finalization times for transactions. Ethereum itself was unaffected, but Polygon users noticed delays.
How the Issues Were Resolved?
Polygon rolled out two key updates to resolve the issue:
* **Bor v2.2.11-beta2:** An update that fixed block production issues and added a command to clean up local data entries. * **Heimdall v0.3.1:** A hard fork, scheduled for 3 p.m. UTC on September 10, to restore consensus and state synchronization.
Market Reaction
During the network glitch, Polygon’s token, POL, slipped about 4%. However, the drop was brief, and the token quickly rebounded, currently up by 2% after the hard fork.
Now that the updates are completed, Polygon’s network is functioning normally again. The team is monitoring closely to ensure quick transaction processing and no delays.
