News with the tag "degen chain"

Degen Chain has accepted all the consequences of actions that led to a user losing 785,000 tokens and has promised refunds. A Degen Chain user lost 785,000 DEGEN due to liquidity and slippage issues. The company promises refunds and a major service overhaul in response. Degen Chain to audit transact...

A bug on Degen Chain’s service providers leads to significant user fund loss, sparking criticism on the layer 3 ecosystem.

Degen Chain, a prominent Ethereum layer-3 blockchain, experienced a two-day outage due to a configuration error, which affected its network and native DEGEN token. Explore the details of the disruption and its implications for layer-3 networks. The post Degen Chain Outage: Network Restored, L3 Debat...

The layer-3 blockchain for meme coins was offline for over 50 hours.

Degen Chain says it’s working to resolve an issue that has seen its network stop producing blocks for more than two days.

To address the limitations of the Ethereum blockchain in terms of speed and cost, the concept of layered scaling solutions has emerged. The Ethereum network itself acts as the base layer (L1), responsible for finalizing transactions and ensuring the network’s security. Layer 2 (L2) solutions, such a...

Conversations about the Layer 3 networks are currently in the limelight as the well-known Ethereum co-founder Vitalik Buterin joins the escalating debate in the community, offering key perspectives on the solutions. Ethereum Co-Founder On The Layer 3 Solutions The Ethereum co-founder offered his key...