Polygon scan stopped adding new blocks for over one hour on February 22. MATIC did not, however, show any signs of impact as on-chain metrics look normal. A Polygon [MATIC] re-org on 22 February caused some rumors to circulate about the blockchain. According to speculations, there was an outage because data from PolygonScan showed that […]
An “unusually big” block reorganization occurred two minutes beforereported its nodes became out of sync, suggesting that this was the root cause of the network’s problems.
A “fork” in the chain occurs when network operators publish two blocks simultaneously, leading to competing versions of the chain’s permanent record. To settle the dispute, the network does a block reorganization, which discards one entry in favor of the one it has determined to be the “canonical” one.
A look at the PloygonScan as of this writing revealed that it was back up and operating, with blocks generated rapidly reflecting.According to the volume of transactions on Santiment, there was no discernible effect of the downtime on Polygon. The transaction volume was approximately 24.8 million as of the time of writing, with no noticeable fall.
The volume recorded on 22 February was over 31 million, which was similar to the volume recorded the previous days.Also, a look at Polygon’s seven-day active address revealed no appreciable change in activity. About 800,000 addresses were active on the network on 22 February, according to a check of the active addresses for that day.As of this writing, Polygon was down over 2% in price and was trading at about $1.3. However, it’s interesting to note that the asset recorded a gain of 0.
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