Coinbase’s new layer-two network, Base, has encountered major issues for the first time since its public launch on Aug. 9. information On the Base status website, block production unexpectedly stopped for 45 minutes on September 5th.
However, the team behind the platform took action to resolve the issue after it was discovered at 9:36 PM UTC. According to the website, all systems are up and running and block production has resumed.
At the same time, the team revealed that part of Base’s internal infrastructure needed to be refreshed, causing the outage. The team noted:
We have seen delays in block production due to updates to some of our internal infrastructure. We’ve implemented fixes and seen widespread recovery,
Additionally, the team stated that they will continue to monitor the Base chain to identify and resolve further issues.
Network glitch at base raises questions about its robustness
Coinbase’s ethereum-based layer 2 network has encountered another challenge ahead of its public launch on Aug. 30. The team behind the platform noticed that some Bridge transactions were not showing up on the page due to a technical glitch with Basescan.
Prior to this incident, the Base status site showed issues on August 24th and 25th. In the former, the team received reports of transaction pool leaks from some remote procedure call (RPC) node providers.
The team again quickly implemented a fix, but the network recorded a withdrawal delay on August 25th. According to the team, the issue was due to delays on Coinbase.com. It did not affect the Base bridge and mainnet. Coinbase’s Layer 2 team fixed the issue and resumed withdrawals that day.
While the team is actively working to fix the issue, another network glitch with the Layer 2 protocol has raised questions about its reliability and robustness.
Notably, Matt Willemsen, director of research at crypto education platform Collective Shift, commented on the development. Williamson overview Potential risks of using an Ethereum-based second-layer network instead of the Ethereum mainnet.
Willemsen pointed out that Ethereum-based L2, such as OP Mainnet, Arbitrum One, zkSync Era or Base, are not as robust as the Ethereum mainnet.
Coinbase sees increased layer 2 network activity
Meanwhile, Base has reportedly been seeing increased transactions and network activity, even briefly surpassing Ethereum on Aug. 21.
According to leading DeFi analyst Thor Hartvigsen, as of Aug. 18, Coinbase’s Layer 2 network recorded More daily transactions than Optimism and Arbitrum combined.
data It shows that Base’s total value locked (TVL) increased by 48.64%, but its transactions per second (TPS) decreased by 4.22%. However, speculation is rife that the Friend.Tech frenzy is driving this uptick in activity.
Featured image from Pixabay and chart from TradingView.com
