Base, the Coinbase-incubated Ethereum Layer-2 network, experiences a brief outage, but assures users their funds are safe
The Base network, which is an Ethereum Layer-2 solution incubated by Coinbase, recently faced a temporary outage during the early hours of Wednesday. The team behind Base took to X (formerly Twitter) to inform users about the incident. The outage lasted for approximately half an hour, but the problem was promptly addressed by the development team.
“Earlier today we had a delay in block production due in part to our internal infrastructure requiring a refresh. The issue has been identified and remediated. No funds are at risk. To stay updated, check [Base website link].”
– Base Team
The team at Base reassured users that their funds were not compromised during the outage. They also reported that there may have been transaction submission issues for Base users at 5:36 p.m. ET on Tuesday; however, this problem was swiftly resolved a few minutes later. The network resumed block production and gossip (node-to-node exchange of state information) by 6:09 p.m.
Growing Adoption of Base
Despite this minor setback, Base has been gaining widespread adoption within the crypto ecosystem. Since its launch just under a month ago, more than 100 decentralized applications have already been launched on the network. Additionally, Base has proven popular among meme tokens, generating approximately $6 million in protocol fees according to data from DeFi Llama.
Last week, Base announced native support for Circle’s USDC stablecoin and integrated with Ledger Live and PancakeSwap DEX. This recent outage marks the first significant technical challenge for the network since its launch.
While any service interruption can be concerning, especially in the crypto space, it is reassuring to know that Base quickly resolved the issue and ensured the safety of user funds. As the adoption of Layer-2 solutions like Base continues to grow, occasional technical hiccups are expected but can be easily addressed. It’s encouraging to see the rapid progress and popularity of Base within such a short span of time.
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