Critical Alert Issued By Nomadic Labs For Tezos Node Operators And Bakers

According to U.Today, Nomadic Labs, a prominent R&D entity in the Tezos ecosystem, has issued a critical alert for all Tezos node operators and bakers. The organization has discovered and rectified a significant bug in the Smart Rollups feature, necessitating an immediate upgrade to the newly launched Octez v20.1. The bug does not compromise the security of the Tezos mainnet or the Etherlink platform, ensuring users that their assets are secure. However, it does interfere with the process of transferring funds from Etherlink to Tezos' layer 1. The bugfix is incorporated in the ParisC protocol, which is part of the Octez v20.1 upgrade. This upgrade will be initiated through a user-activated upgrade (UAU) at block 5,898,241, expected to take place in a week. To maintain network integrity and a smooth transition, Nomadic Labs strongly recommends all Tezos bakers and node operators to upgrade to Octez v20.1 promptly. The timely update is vital for the smooth activation of the ParisC protocol, which addresses the identified bug. The urgency of this upgrade is emphasized by the closeness of the UAU activation date. Operators are urged to complete the upgrade process as soon as possible to prevent any disruptions. By acting quickly, they can help protect the network's functionality and contribute to the overall stability and reliability of the Tezos ecosystem.