Fun

News Feed - 2023-09-06 07:09:31

Tom Mitchelhill1 hour agoCoinbase layer-2 network Base suffers first major outage since launchBlock production on Base abruptly halted for 43 minutes as developers rushed to implement a fix.380 Total views20 Total sharesListen to article 0:00NewsJoin us on social networksCoinbase’s Ethereum layer-2 network Base has suffered its first major outage since its public launch on Aug. 9.


For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the “stalled” block production at 9:36 pm UTC, according to the Base status site. Block production has since resumed. Block production on the Base network stalled at 9:36pm Sept. 5. Source: BaseScan


“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,” Coinbase told Cointelegraph in response to a query on the outage. 


Base said it is continuing to monitor the chain for further issues. Base developers said the cause of the outage has been identified and fixed. Source: Base


Matt Willemsen, head of research at crypto education platform Collective Shift, highlighted the differences in using Ethereum’s layer 2 networks and claimed they aren’t as “battle tested” as Ethereum’s mainnet.Coinbase"s Base chain just had its first major outage, lasting for 43 minutes. Blocks have just started to be produced again.

Another reminder that using Ethereum L2s (e.g. Arbitrum One, OP Mainnet, zkSync Era, Base) is NOT the same as using Ethereum mainnet, which is more… pic.twitter.com/JbUNQUGNwu— Matt Willemsen (@matt_willemsen) September 5, 2023


Magazine: Joe Lubin — The truth about ETH founders split and ‘Crypto Google’# Blockchain# Coinbase# BaseAdd reactionAdd reactionRead moreHow to actually spend your Bitcoin, ExplainedHow blockchain tech and dMRV can help carbon trading marketsIf Worldcoin can improve the world, why not give it a chance?

News Feed

Ethereum Smashes Resistance — Is The Next Leg Up Already Here?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new
Marcel Pechman1 hour agoBitcoin options strategy: How to trade July’s Q2 earningsProfessional traders can hedge their Bitcoin bets using the iron condor options strategy as the Q2 earnings season comes into play.443 To
Bitcoin price to see massive move to new all-time high if chart pattern plays out —Trader
Nancy Lubale2 hours agoBitcoin price to see massive move to new all-time high if chart pattern plays out —TraderA unique trading pattern projects a massive upward move for Bitcoin price within the next few months.1347
Bitcoin Next Key Level Is $136,000 If Momentum Holds, Glassnode Says
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
EU Data Act Proposes Shutdown Function for Smart Contracts
EU Data Act Proposes Shutdown Function for Smart Contracts The European Union has published its new Data Act, a law proposal that aims to regulate the generation and handling of da
TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Launches With Four Stablecoins
TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Launches With Four Stablecoins press release PRESS RELEASE. TòròNet recently announced the launc
Crypto custody firm Bakkt faces delisting if shares stay under $1
Jesse Coghlan9 hours agoCrypto custody firm Bakkt faces delisting if shares stay under $1Bakkt has posted back-to-back losses and a plummeting share price since listing in October 2021 and the NYSE is threatening to pull
Elon Musk Giving ‘Serious Thought’ to Creating Social Media Platform With Free Speech as Top Priority
Elon Musk Giving "Serious Thought" to Creating Social Media Platform With Free Speech as Top Priority Tesla and Spacex CEO Elon Musk says that he is “giving serious thought
What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0
The Takeaway: CFTC Chairman Heath Tarbert said last month that ether is a commodity, and he expects to see regulated ether futures in the U.S. in the next six months. The ethereum network is expected to transition from i
Jesse Coghlan1 hour agoMeta Q2 earnings: Reality Labs losses top $7.7B year to dateMeanwhile, Meta"s metaverse-building business has racked up around $21 billion in losses since the start of 2022.250 Total views14 Total
Coinbase Acquires Fairx Exchange to Make Derivatives Market Approachable for Millions of Retail Customers
Coinbase Acquires Fairx Exchange to Make Derivatives Market Approachable for Millions of Retail Customers Nasdaq-listed cryptocurrency exchange Coinbase has acquired a regulated de