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Polygon Restarts After Network Downtime to Fix Upgrade Issue

March 11, 2022, 4:14 AM

The Polygon blockchain platform has resumed operation after deploying a temporary fix to help deal with issues that appeared to stem from a previous upgrade.

Polygon, a layer-two scaling solution that operates alongside the Ethereum network, said it is working on a more permanent solution to the problem. All user funds and data are safe, the developers said in a Twitter post that was re-Tweeted by the verified Polygon account.

Polygon’s MATIC, the 17th-biggest cryptocurrency by market value, was down 3.8% in the 24 hours through 11:30 a.m. in Hong Kong, according to CoinGecko pricing. The decline was in line ...