On Sept. 5, a ‘Base chain stall’ was reported on the community standing tracker.
At 21:36 UTC the tracker reported that it was investigating a stall within the manufacturing of blocks.
“Customers might have points submitting transactions,” it stated earlier than including that it was actively investigating the problem.
Round 20 minutes later it had recognized the problem and began making use of a bug repair. By 22:09 UTC it acknowledged,
“Now we have deployed a repair and are beginning to see restoration of block manufacturing and gossip.” Gossip refers to node-to-node exchanges of state info.
Base Chain Mounted
Nonetheless, there have been lingering points with distant process calls (RPC) on mainnet. By 23:06 UTC, 1.5 hours after the preliminary outage, the staff reported “Now we have verified restoration of community well being and RPC APIs.”
A couple of hours later, the staff reported the incident blaming it on inside infrastructure.
“Earlier at present we had a delay in block manufacturing due partly to our inside infrastructure requiring a refresh.”
The difficulty has been recognized and remediated and no funds are in danger, it added.
It’s the first main outage since Base Mainnet went reside in mid-July.
Head of analysis at crypto analytics agency Collective Shift, Matt Willemsen, identified that utilizing Ethereum layer-2 networks isn’t the identical as utilizing Ethereum mainnet, “which is extra battle-tested and entails fewer belief assumptions.”
Similar to Solana, Base was touted as one other ‘Ethereum killer.’ It has seen its first outage and, similar to Solana, it’s unlikely to be the final.
Coinbase’s Base chain simply had its first main outage, lasting for 43 minutes. Blocks have simply began to be produced once more.
One other reminder that utilizing Ethereum L2s (e.g. Arbitrum One, OP Mainnet, zkSync Period, Base) is NOT the identical as utilizing Ethereum mainnet, which is extra… pic.twitter.com/JbUNQUGNwu
— Matt Willemsen (@matt_willemsen) September 5, 2023
Base Progress Spectacular
Nonetheless, regardless of this minor setback, Base’s progress since launch has been spectacular.
Late final month, Base announced native help of Circle’s USDC. It has additionally built-in with Ledger Reside, 1inch, and the PancakeSwap DEX.
Nonetheless, it has additionally been a magnet for scammers and pretend tokens, as reported by CryptoPotato.
According to DeFillama, Base TVL is $409 million. This ranks it above Cronos, THORChain, and Cardano for this metric.
Furthermore, L2beat experiences that the optimistic rollup-based community is now the fourth largest layer-2 community having surpassed dYdX, Starknet, and Loopring.
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