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 all the things above board or is there one thing sinister occurring? Are they even decentralized if they will hard-fork similar to that? Or did they comply with the correct procedures and their critics are simply uninformed? Can we even reply all of these questions? Most likely not. However we will current all the knowledge accessible 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 every week in the past Polygon hard-forked their blockchain in the midst of the night time with no warning to a totally 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 info? Worsley recently tweeted, “Are all of us supposed to simply shut up and overlook about the truth that over every week in the past Polygon hard-forked their blockchain in the midst of the night time with no warning to a totally closed-source genesis and nonetheless haven’t verified the code or defined what’s going on?”
Associated Studying | Polygon: Ethereum’s Friend Is Looking To Make Big Strides
The “nighttime” half is debatable since everyone seems to be in numerous timezones and the Polygon blockchain is in every single place. Nonetheless, he cleared up why the problem is necessary, “Till the code is verified there are not any safety ensures concerning the billions of {dollars} in property the chain at present secures.” And tweeted proof of all the things else, “Right here’s the commit that was hard-forked into manufacturing.”
Here is the commit that was hard-forked into manufacturing the nighttimehttps://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 crucial 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 crucial bug? Why and the way did this occur? https://t.co/GhY3eTYNtm
— Zhu Su 🔺 (@zhusu) December 15, 2021
Polygon Responds And Exhibits Receipts
The criticism obtained a response from Polygon’s co-founder Mihailo Bjelic. “We’re making an effort to enhance safety practices throughout all Polygon tasks,” Bjelic tweeted. “As part of this effort, we’re working with a number of safety researcher teams, whitehat hackers and many others. One in all these companions found a vulnerability in one of many not too long ago verified contracts. We instantly launched a repair and coordinated the improve with validators/full node operators. No funds have been misplaced. The community is steady.”
2/2 ..vulnerability in one of many not too long ago verified contracts. We instantly launched a repair and coordinated the improve with validators/full node operators. No funds have been misplaced. The community is steady.
An in depth weblog publish coming, we’re finalizing further safety analyses.
— Mihailo Bjelic (@MihailoBjelic) December 15, 2021
Okay, that sounds cheap. 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 probably the most direct method doable, “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 we have now 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 probably the most political method doable. “Completely not. The community is run by validators and full node operators, and we have now 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 best way the corporate dealt with the entire thing and in addition confirmed receipts. “Subsequent time it occurs are you able to no less than announce a crucial replace to all Polygon node operators. Now this appears to be like tremendous unprofessional and complicated for the neighborhood. It was not talked about or pinned down in any main channels or publications.”
He obtained 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 smart. Nonetheless, Ohtamaa had extra complaints. “Some bug fixes” for a crucial patch will not be good. If there’s a crucial repair you co-ordinate with validators.” Plus, he bolstered Nathan Worsley’s authentic grievance. “It’s actually apparent it’s a crucial safety bug in case you do unannounced no discover onerous fork in the midst of a weekend.”
It is actually apparent it’s a crucial safety bug in case you do unannounced no discover onerous fork in the midst of a weekend. So don’t be dumb and assume your customers are dumb.
— Mikko Ohtamaa 🐮 (@moo9000) December 15, 2021
Based on Ohtamaa, “there are a number of open supply tasks on the market” which have carried out related operations in a simpler method. Somebody requested what may Polygon have carried out higher. He answered with a series of straightforward steps.
- Put together the patch privately.
- A number of days earlier than, announce a crucial safety repair is coming. All node operators must 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 Ahead In The Ethereum ZK Rollup Race
So, is there one thing rotten at Polygon? We must watch for the “detailed weblog publish” Bjelic promised to know for certain.
Featured Picture by Mae Mu on Unsplash - Charts by TradingView