The Ethereum Layer 2 network in Coinbase, base, resumed a regular production of blocks after a brief interruption of service on August 5, according to the project state page.
The disturbance lasted from 06:15 UTC to 06:44 UTC.
The break, which occurred at the 33,792 704 block, temporarily assigned key network functions, including deposits, withdrawals and general production of blocks.
However, the problem was resolved quickly, the normal production of blocks restarting approximately 30 minutes after the initial stop.
The basic team has confirmed the resolution and said it would continue to monitor the network from press time. The team or management has made no additional public comments regarding the specific cause of the problem.
This incident marks the second basic breakdown, after a similar event in September 2023.
This disturbance lasted more than 40 minutes, and the Ethereum Layer-2 network attributed the problem to a refreshment of the internal infrastructure, ensuring users that no funds have been compromised.
Basic network growth
The recent disturbance occurred while Coinbase and the base continue to advance their development efforts.
The network experienced impressive growth in last month, especially after the basic application is launched. This application has improved the features of the social economy and decentralized creator by integrating platforms such as Zora and Farcaster.
This integration has led to a wave of new token launches and sparked an increased network activity, allowing the basis to return Solana to a new tokens.
In addition, the application has introduced new features such as the basic account and basic remuneration, offering simplified identity and payment solutions.
Speaking on these features, Youssef, the Devrel blockchain network, said:
“Base is not only trying to change the financial system – he tries to change the way we intend with the Internet.”
Unsurprisingly, these features have helped him regularly surpass other Ethereum Layer 2 networks in daily transaction volumes, even going beyond networks like Arbitrum and Optimism.
According to L2Beats data, the base is the second largest Ethereum Layer 2 network in terms of secure value, with more than $ 13 billion of total locked value.
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