What to Know
- Polygon’s proof-of-stake blockchain is facing a delay in transaction finality, falling behind schedule by 10-15 minutes.
- The delay originates from issues related to Bor/Erigon nodes and RPC providers, with efforts for a fix currently underway.
- Recent upgrades aimed at improving finality speed were implemented by Polygon.
- The slowdown has impacted the trading value of POL tokens.
Polygon’s proof-of-stake chain is active but currently experiences unusual delays in locking transactions, leading to finality being approximately 10-15 minutes late. Finality indicates that once a transaction is confirmed and added to a blockchain block, it is irreversible.
Foundation Status Update
The foundation announced a fix that is now being distributed to validators and service providers through an X post. Below is the relevant information shared:
UPDATE: Temporary Delay in Finality
While the chain continues to operate and produce blocks and checkpoints, a 10–15 minute delay in finality currently exists due to a milestone issue. A solution has been identified, and it is being rolled out to all validators.
According to the Polygon status page, the slowdown is linked to certain Bor/Erigon nodes and RPC providers. Node restarts have alleviated the issue for numerous validators, while others had to revert to the last confirmed block before re-syncing.
This incident unfolds shortly after Polygon’s Heimdall v2 upgrade that had promised faster transaction finality through a revamped consensus framework. The POL token’s trading has subsequently decreased by roughly 3%, hovering around 26 cents during early U.S. market hours.
