Degen Chain Faces Halt: Block Production Paused for Over 50 Hours

Technical issues disrupt Degen Chain's operations, halting block production and impacting decentralized applications
Degen Chain Faces Halt: Block Production Paused for Over 50 Hours
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Degen Chain, a Layer-3 network, experienced a significant halt in block production, ceasing operations for over 53 hours. The stoppage, triggered by a custom configuration change, impacted various decentralized applications hosted on the network, including DegenSwap and Relay Bridge. The network's troubleshooting efforts involve a complete resynchronization from the genesis block, coordinated by Conduit and Offchain Labs. The halt has led to a notable 24% drop in the value of Degen Chain’s native token, DEGEN.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.

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