On August 5, Base, Coinbase’s
$2.08B
Layer-2 blockchain, stopped producing blocks for 33 minutes resulting from an issue that occurred throughout a routine change to a backup system.
At 6:07 AM UTC, the primary sequencer started falling behind in its job of processing transactions. Base makes use of a system referred to as Conductor to handle which sequencer is lively.
When the primary one slowed down, Conductor robotically redirected visitors to a different sequencer. Nevertheless, the brand new sequencer was not prepared, it had not been absolutely ready to deal with reside transactions.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
What’s a MetaMask Pockets? (And Use it – Animated)
Subsequently, the community couldn’t course of any new blocks till the difficulty was fastened. By 6:40 AM UTC, block manufacturing was operating usually once more, in line with Jesse Pollak, creator of Base.
Following the incident, the staff took further time to verify that the chain didn’t have to be reorganized.
This quick outage defined that Base depends on centralized management to maintain issues operating. Though a number of sequencers exist, all of them rely upon Conductor to resolve which one must be in cost. If Conductor makes the incorrect name or selects a sequencer that’s not prepared, your entire community can cease.
Base at present holds over $4.1 billion in complete worth. The staff plans to make adjustments so that each sequencer within the group is all the time able to take over, not simply a few of them.
Coinbase lately introduced plans to boost $2 million via a non-public sale of convertible notes. What’s the function of the funding? Learn the complete story.









