🚨 Get Your Free NFT Certificate Mint by Completing the Web3 Exam! START NOW
My Learnlist: Coming Soon!
My Learnlist: Coming Soon!

Learn by real-life examples: Select, Track & Understand any cryptos with the unique Learnlist feature!

Notify Me!
Portfolio: Coming Soon!
Portfolio: Coming Soon!

Set your wallet & get powerful insights backed by data. Easily learn how to use it for your highest rewards!

Notify Me!

Major Service Interruption Hits Coinbase's Base Layer-2 Network

Major Service Interruption Hits Coinbase's Base Layer-2 Network

Base's block production experienced its first hiccup.

Coinbase's Base, an Ethereum Layer-2 network, encountered its first significant service interruption since its official launch.

The interruption, which unfolded on the evening of September 5th, brought the network's block production to a halt for nearly three-quarters of an hour.

Harmony ONE Explained (Beginner-Friendly Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Harmony ONE Explained (Beginner-Friendly Animation)

Harmony ONE Explained (Beginner-Friendly Animation) Harmony ONE Explained (Beginner-Friendly Animation)

Base’s technical team detected the disturbance, first noticing the pause in block creation at 9:36 PM UTC, as shared on the network's status tracking platform. However, the routine activities resumed soon after.

When asked about the downtime, Coinbase was straightforward:

We identified a delay in block production due to part of our internal infrastructure requiring a refresh. We’ve implemented a fix and are seeing widespread recovery.

It is worth noting that the Base team assured that it is keeping tabs on the situation to tackle any potential future issues.

In light of this, Matt Willemsen, the lead researcher at Collective Shift, a platform dedicated to crypto education, offered his opinion about the matter. According to Willemsen, Ethereum's supplementary Layer-2 networks are still in their infancy and lack the robustness of the main Ethereum blockchain.

After long anticipation, the Base network was officially launched at the beginning of August 2023.

The first-of-its-kind outage for Base has highlighted the evolving infrastructure of Layer-2 solutions. While Coinbase has resolved this specific issue, the event serves as a wake-up call for developers and users to assess the resiliency and dependability of these nascent technologies.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



Earn Huge Exclusive Binance Learners Rewards