What’s occurring at Polygon? There appears to be a disturbance within the drive over there. Is the Ethereum Layer 2 mission alright? Are they doing every part above board or is there one thing sinister occurring? Are they even decentralized if they will hard-fork similar to that? Or did they observe the correct procedures and their critics are simply uninformed? Can we even reply all of these questions? In all probability not. However we are able to current all the data out there and allow you to all get to your personal conclusions.
Are all of us supposed to simply shut up and overlook about the truth that over per week in the past Polygon hard-forked their blockchain in the course of the night time with no warning to a very closed-source genesis and nonetheless have not verified the code or defined what’s going on?
— Nathan Worsley (@NathanWorsley_) December 15, 2021
Let’s begin with DeFi Builder Nathan Worsley’s accusation. Or is he simply requesting data? Worsley recently tweeted, “Are all of us supposed to simply shut up and overlook about the truth that over per week in the past Polygon hard-forked their blockchain in the course of the night time with no warning to a very closed-source genesis and nonetheless haven’t verified the code or defined what’s going on?”
Associated Studying | Polygon: Ethereum’s Pal Is Wanting To Make Large Strides
The “midnight” half is controversial since everyone seems to be in numerous timezones and the Polygon blockchain is all over the place. Nonetheless, he cleared up why the difficulty is essential, “Till the code is verified there are not any safety ensures concerning the billions of {dollars} in belongings the chain presently secures.” And tweeted proof of every part else, “Right here’s the commit that was hard-forked into manufacturing.”
Here is the commit that was hard-forked into manufacturing the midnighthttps://t.co/qMunI4WZxx
— Nathan Worsley (@NathanWorsley_) December 15, 2021
So as to add credibility to his declare, DeFiance Capital’s Zhu Su joined the refrain asking for solutions. “Was this to patch a important bug? Why and the way did this occur?”
Why am I seeing 100x extra solana fud than dialogue of this? Was this to patch a important bug? Why and the way did this occur? https://t.co/GhY3eTYNtm
— Zhu Su 🔺 (@zhusu) December 15, 2021
Polygon Responds And Reveals Receipts
The criticism received a response from Polygon’s co-founder Mihailo Bjelic. “We’re making an effort to enhance safety practices throughout all Polygon initiatives,” Bjelic tweeted. “As part of this effort, we’re working with a number of safety researcher teams, whitehat hackers and many others. One among these companions found a vulnerability in one of many just lately verified contracts. We instantly launched a repair and coordinated the improve with validators/full node operators. No funds have been misplaced. The community is secure.”
2/2 ..vulnerability in one of many just lately verified contracts. We instantly launched a repair and coordinated the improve with validators/full node operators. No funds have been misplaced. The community is secure.
An in depth weblog publish coming, we’re finalizing further safety analyses.
— Mihailo Bjelic (@MihailoBjelic) December 15, 2021
Okay, that sounds affordable. Bjelic additionally promised, “An in depth weblog publish coming, we’re finalizing further safety analyses.” A query lingered within the air, although. And crypto fanatic J. Vicente Correa requested it in essentially the most direct means potential, “U can fork the chain by your self and take all my funds as u want?”
Completely not.
The community is run by validators and full node operators, and now we have no management over any of those teams. We simply did our greatest to speak and clarify the significance of this improve, however in the end it was as much as them to resolve whether or not they are going to do it or not.
— Mihailo Bjelic (@MihailoBjelic) December 15, 2021
And Polygon’s Mihailo Bjelic solutions in essentially the most political means potential. “Completely not. The community is run by validators and full node operators, and now we have no management over any of those teams. We simply did our greatest to speak and clarify the significance of this improve, however in the end it was as much as them to resolve whether or not they are going to do it or not.”
Truthful sufficient. Nonetheless…
MATIC value chart on Poloniex | Supply: MATIC/USD on TradingView.com
A Node Operator Has Some Criticism Of His Personal
In the identical thread, Polygon node operator Mikko Ohtamaa blasted the way in which the corporate dealt with the entire thing and in addition confirmed receipts. “Subsequent time it occurs are you able to at the very least announce a important replace to all Polygon node operators. Now this appears to be like tremendous unprofessional and complicated for the group. It was not talked about or pinned down in any main channels or publications.”
He received a response from Polygon’s different co-creator, Sandeep Nailwal. “This was a safety replace, and therefore pre-public-announcement may’ve escalated issues.”
Hey Mikko, this was a safety replace, and therefore pre-public-announcement may’ve escalated issues.
— Sandeep – Polygon – NAE (NOT Abandoning ETHEREUM) (@sandeepnailwal) December 15, 2021
Okay, that is sensible. Nonetheless, Ohtamaa had extra complaints. “Some bug fixes” for a important patch will not be good. If there’s a important repair you co-ordinate with validators.” Plus, he strengthened Nathan Worsley’s unique criticism. “It’s actually apparent it’s a important safety bug in case you do unannounced no discover onerous fork in the course of a weekend.”
It is actually apparent it’s a important safety bug in case you do unannounced no discover onerous fork in the course of a weekend. So don’t be dumb and suppose your customers are dumb.
— Mikko Ohtamaa 🐮 (@moo9000) December 15, 2021
Based on Ohtamaa, “there are a number of open supply initiatives on the market” which have achieved related operations in a more practical method. Somebody requested what may Polygon have achieved higher. He answered with a series of straightforward steps.
- Put together the patch privately.
- A couple of days earlier than, announce a important safety repair is coming. All node operators have to be ready.
- Distribute the patch on the preset time.
- Not downplay the criticality of the patch and make idiot-looking launch notes.
Associated Studying | How Polygon Sealed A $400M Deal To Get Forward In The Ethereum ZK Rollup Race
So, is there one thing rotten at Polygon? We must look forward to the “detailed weblog publish” Bjelic promised to know for positive.
Featured Picture by Mae Mu on Unsplash - Charts by TradingView
