Polygon’s proof-of-stake chain has encountered a significant delay affecting transaction finality, resulting in longer confirmation times. Users are currently experiencing a lag of approximately 10 to 15 minutes in finality, which is a critical aspect of blockchain technology that ensures a transaction or data piece is irreversible once it has been validated and added to a block.
In an update shared via a post on X, the Polygon Foundation acknowledged the delay and informed users that a fix has been identified. This solution is now being gradually implemented across validators and service providers. Despite the ongoing issues, the blockchain is still operational, with blocks and checkpoints being produced.
According to Polygon’s status page, the slowdown is attributed to complications with certain Bor/Erigon nodes, alongside issues affecting RPC (Remote Procedure Call) providers. While many validators were able to rectify the slowdown by restarting their nodes, others faced more significant challenges, requiring them to revert to the last finalized block and then resynchronize their nodes.
The current disruption follows the recent rollout of Polygon’s Heimdall v2 upgrade, which had promised a reduction in finality time to around five seconds through the implementation of an updated consensus mechanism.
In light of the ongoing challenges, the market reaction has been notable. The POL token, which is integral to the ecosystem, has seen a decline of roughly 3%, trading around 26 cents during early U.S. market hours. This incident raises questions about the stability and reliability of the network, particularly after such a substantial upgrade aimed at improving performance.
