| Blockchain Name : | Degen |
| Blockchain Code : | DEGEN |
| Layer : | Layer 3 |
| Consensus Mechanism : | Optimistic Rollups |
| EVM Compatible : | Yes |
| EVM Chain ID : | 666666666 |
| Native Coin Code : | DEGEN |
| Native Coin Name : | Degen |
| Project Link : | https://www.degen.tips/ |
| Whitepaper : | https://www.degen.tips/tokenomics |
Degen Blockchain is a Layer 3 platform designed to support decentralized applications (dApps) and services with a focus on community-driven projects and innovative financial applications. Built on the Base blockchain, Degen leverages Optimistic Rollups to enhance transaction throughput and efficiency.
Degen Blockchain uses Optimistic Rollups, a Layer 2 scaling solution, as its consensus mechanism. Optimistic Rollups process transactions off-chain and periodically submit summaries to the Base Layer 2 blockchain. This mechanism ensures high throughput and low latency while maintaining security and decentralization.
The platform supports EVM (Ethereum Virtual Machine) compatibility, allowing developers to deploy Ethereum-based dApps on Degen Blockchain. This compatibility extends to popular Ethereum tools, enhancing the developer experience and fostering innovation.
Degen Blockchain is ideal for various decentralized finance (DeFi) applications, including lending platforms, decentralized exchanges (DEXs), and yield farming protocols. Its infrastructure supports the creation and management of non-fungible tokens (NFTs), providing a secure platform for digital art, collectibles, and gaming assets. The focus on community-driven projects also enables the development of innovative and experimental financial services.
Degen integrates with Farcaster to provide a robust platform for social networking applications that prioritize user privacy and data ownership. By leveraging Farcaster, Degen supports decentralized social networks that are resistant to censorship and provide secure, private communication channels.
