{"id":166131,"date":"2024-05-15T13:56:38","date_gmt":"2024-05-15T13:56:38","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166131"},"modified":"2024-05-15T13:56:41","modified_gmt":"2024-05-15T13:56:41","slug":"ethereum-layer-3-degen-chain-is-back-online-after-2-day-outage","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-layer-3-degen-chain-is-back-online-after-2-day-outage\/","title":{"rendered":"Ethereum Layer-3 Degen Chain is Back Online After 2-Day Outage"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Degen Chain<\/span><\/strong><span data-preserver-spaces=\"true\">, an Ethereum Layer-3 scaling solution,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">experienced a<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><strong><span data-preserver-spaces=\"true\">two-day operational blackout<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0due to unforeseen infrastructure issues. The team has since addressed these issues and resumed service.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">The team has implemented\u00a0upgrades\u00a0to prevent future outages<\/span><\/strong><span data-preserver-spaces=\"true\">, improved their node infrastructure, and added extra monitoring tools for better network efficiency.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">With the network back online, users can once again engage\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">in decentralized finance activities. The team\u2019s commitment to improving the network\u2019s robustness is expected to foster a more resilient infrastructure for the growing DeFi sector.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">After a two-day operational blackout,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Ethereum\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">Layer-3 scaling solution,<\/span><strong><span data-preserver-spaces=\"true\">\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/defillama.com\/chain\/Degen\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Degen Chain<\/span><\/a><span data-preserver-spaces=\"true\">, has resumed service.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">The unexpected outage, which left users unable to access their funds, was attributed to unforeseen infrastructure issues that have since been addressed by the Degen Chain team.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Degen Chain is up and running again\u2014thanks for hanging in there! We really appreciate your patience and support. <a href=\"https:\/\/t.co\/CGkiE1u2RN\" target=\"_blank\">https:\/\/t.co\/CGkiE1u2RN<\/a><\/p>\n<p>&mdash; Degen \ud83c\udfa9 (@degentokenbase) <a href=\"https:\/\/twitter.com\/degentokenbase\/status\/1790644221537320964?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The disruption started late on Friday evening<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0as users encountered issues with transaction completion. By the dawn of Saturday, it was evident that the network had come to a complete standstill.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The team at Degen Chain promptly recognized the issue,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">reassuring users that their assets were secure and that the problem originated not from a security compromise, but from a technical glitch in their scaling framework.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Throughout the outage, t<\/span><strong><span data-preserver-spaces=\"true\">he Degen Chain team provided continuous updates via their official communication channels.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">They detailed their efforts to stabilize the network and implement a series of upgrades designed to prevent future occurrences of similar outages.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Resuming DeFi Activities on Degen Chain<\/span><\/h2>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-166135\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DegenChain.jpg\" alt=\"Ethereum Layer-3 Degen Chain is Back Online After 2-Day Outage\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DegenChain.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DegenChain-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DegenChain-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">On Monday,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">the team reported that the Degen Chain had resumed\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">DeFi\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">operations\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">following an exhaustive examination and revamping of their systems.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">They have incorporated extra monitoring instruments\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">to offer instantaneous updates on network efficiency and have improved their node infrastructure to bolster resistance to heavy traffic loads and possible DDoS assaults.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">While the network is now operational, the team has cautioned that they are still in the process of stabilizing the infrastructure. They have urged users to report any unusual activity or persistent issues as they continue to monitor the network closely.<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Degen Chain outage highlights the challenges faced by blockchain networks<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0as they scale to meet increasing demand. Layer-3 solutions like Degen Chain are critical for Ethereum\u2019s scalability, offering faster transaction speeds and lower fees by operating on top of existing Layer-2 solutions.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As the DeFi and broader crypto ecosystem continue to grow, the stability and reliability of scaling solutions remain paramount.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">The Degen Chain team\u2019s swift response and transparent communication have been commended by the community,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0setting a precedent for handling such incidents in the future.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">With the network back online, users can once again engage in the decentralized finance activities that Degen Chain supports, including staking, swapping, and yield farming. The team\u2019s commitment to improving the network\u2019s robustness is expected to bolster user confidence and foster a more resilient infrastructure for the burgeoning DeFi sector.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Degen Chain, an Ethereum Layer-3 scaling solution,\u00a0experienced a\u00a0two-day operational blackout\u00a0due to unforeseen infrastructure issues. The team has since addressed these issues and resumed service. The team has implemented\u00a0upgrades\u00a0to prevent future outages, improved their node infrastructure, and added extra monitoring tools for better network efficiency. With the network back online, users can once again engage\u00a0in &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ethereum Layer-3 Degen Chain is Back Online After 2-Day Outage\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ethereum-layer-3-degen-chain-is-back-online-after-2-day-outage\/#more-166131\" aria-label=\"More on Ethereum Layer-3 Degen Chain is Back Online After 2-Day Outage\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":166134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4620,5287,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166131"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=166131"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166131\/revisions"}],"predecessor-version":[{"id":166138,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166131\/revisions\/166138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/166134"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=166131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=166131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=166131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}