Polygon Restores Consensus After Software Bug; SEC Chair Addresses Regulation
The Polygon Foundation has restored consensus and finality functions after a software bug caused some nodes to fall out of sync. The bug, attributed to a faulty validator proposal, disrupted remote procedure call (RPC) nodes which relay information between applications and the blockchain. Polygon executed a hard fork to address the issue, and co-founder Sandeep Nailwal confirmed the fixes are now live. Meanwhile, SEC Chair Paul Atkins announced plans to unify crypto regulations, stating that most tokens are not securities and emphasizing the need for clear rules. Under the Project Crypto initiative, regulations will support blockchain-based financial markets, allowing platforms to operate as 'super-apps' for trading, lending, and staking. Analysts view the current bearish sentiment in digital asset markets as potentially short-lived, suggesting markets may move against prevailing fears, especially with a key Fed meeting approaching.
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