{"id":20507,"date":"2024-05-15T12:00:55","date_gmt":"2024-05-15T12:00:55","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20507"},"modified":"2024-05-15T09:13:26","modified_gmt":"2024-05-15T09:13:26","slug":"degen-chain-network-outage-a-two-day-halt","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/degen-chain-network-outage-a-two-day-halt\/","title":{"rendered":"Degen Chain Network Outage: A Two-Day Halt"},"content":{"rendered":"<p><strong>The Degen Chain,<\/strong> <strong>which is the Ethereum layer 3 blockchain,<\/strong> has been down for more than two days; thus, its network and applications are now useless. The blockchain failed to validate a transaction or produce a new block<strong> for more than 53 hours;<\/strong> the situation was alarming for its users and stakeholders.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/degen-chain-network-outage-a-two-day-halt\/#Network_Freeze_Details\" title=\"Network Freeze Details\">Network Freeze Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/degen-chain-network-outage-a-two-day-halt\/#Restoration_Efforts_Underway\" title=\"Restoration Efforts Underway\">Restoration Efforts Underway<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/degen-chain-network-outage-a-two-day-halt\/#Impact_on_Applications_and_Token_Value\" title=\"Impact on Applications and Token Value\">Impact on Applications and Token Value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/degen-chain-network-outage-a-two-day-halt\/#Industry_Reactions\" title=\"Industry Reactions\">Industry Reactions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Network_Freeze_Details\"><\/span>Network Freeze Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The last block was produced at 8:15 p.m. UTC on May 12, as per the Degen Chain block explorer. The network&#8217;s downtime was confirmed by Degen Chain on May 14 through a post on X (formerly Twitter) about the efforts made with its development partner, Conduit, to fix the issue.<\/p>\n<p>The conduit analyzed the problem and discovered that it was due to a <strong>&#8220;custom config change&#8221;<\/strong> that affected both Degen Chain and the gaming network Apex. This transformation <strong>caused a stop in block<\/strong> <strong>production<\/strong>, and therefore nodes were forced to resync from the genesis block.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Restoration_Efforts_Underway\"><\/span>Restoration Efforts Underway<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Conservative Conduit said that they are cooperating with both the <a href=\"https:\/\/coinengineer.net\/blog\/degen-chain-surpasses-ethereum-in-transactions-but-lags-in-value\/\">Degen Chain<\/a> and the Offchain Labs in order to recover the service. \u201cWe\u2019re working with both teams and Offchain Labs to restore service and minimize impact on users,\u201d Conduit stated on X. The network is expected to resume functionality after the resynchronization, which is projected to be completed by 1:00 pm UTC on May 15 (6:00 am PST on May 15). This is the time for modern globalization to happen.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Impact_on_Applications_and_Token_Value\"><\/span>Impact on Applications and Token Value<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DEGEN Chain, which was created for its own native memecoin DEGEN, has a wide range of decentralized applications, among which are DegenSwap, Mint Club, and Relay Bridge. At the moment, these applications are not functional because of the downtime of the blockchain. The outage has also affected the value of the DEGEN token, which is plunging to 24% from its seven-day high of $0.2.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Reactions\"><\/span>Industry Reactions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue has led to debates about the factualness of layer 3 blockchains. Poly Top CEO Marc Boiron recently said that layer 3s &#8220;are just like a shark that eats another shark&#8217;s food, the Ethereum and the other layer 2s on which the layer 3s are built.&#8221; On the other hand, people like Arbitrum Foundation researcher Patrick McCorry think that layer 3 networks make transactions cheaper on layer 2 networks.<\/p>\n<p>The crypto community is still waiting for the solution to this problem, and the incident goes to prove the challenges and complexities of the development and maintenance of advanced blockchain technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Degen Chain, which is the Ethereum layer 3 blockchain, has been down for more than two days; thus, its network and applications are now useless. The blockchain failed to validate a transaction or produce a new block for more than 53 hours; the situation was alarming for its users and stakeholders. Network Freeze Details<\/p>\n","protected":false},"author":6,"featured_media":18259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[5520,6129],"class_list":["post-20507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-degen","tag-degen-chain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Degen Chain Network Outage: A Two-Day Halt - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Degen Chain faces over 53 hours of downtime due to a config change issue. 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