Category: Build on Base

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Coinbase layer-2 network Base suffers first major outage since launch

September 6, 2023

Block production on Base abruptly halted for 43 minutes as developers rushed to implement a fix. Coinbase’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…
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Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

March 27, 2023

Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks. Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system,…
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