Base Fixes Network Issues After Transaction Delays

Base, an Ethereum Layer 2 network, has fixed its network issues that caused delays and dropped transactions at the end of January. The problems mostly affected users when some transactions were delayed or not included in blocks as expected.

Base has Made Several Improvements to its Network

Base explained in a post on X that the issues stemmed from a change in how transactions were shared across the network. During this period, base fees rose quickly. As a result, the block builder kept trying to process transactions that had fees that were too low. This led to congestion, dropped transactions, and slower processing times for users.

It is worth noting that the Base team worked on the problem immediately and proffered solution. Base confirmed that the network is now stable. To prevent similar issues in the future, Base is making several improvements. 

One key step is optimizing the transaction pipeline. This means reducing unnecessary peer-to-peer (P2P) delays that can slow down transaction sharing across the network. The network is also adjusting its mempool queues to manage transactions better during busy periods and changing fees.

Additionally, Base is upgrading its monitoring and alert systems. Base has also promised to be transparent after this incident. The team will conduct a full root cause analysis (RCA) of what went wrong and publish a detailed report soon. No doubt, Base is reaffirming its commitment to providing a reliable, efficient, and scalable network for users and developers alike.

Base Faces Criticism Over Creator Token Experiments

Earlier in the year, Coinbase and Base promoted the idea that creators can use blockchain technology to build strong and lasting communities. Through platforms such as Zora, Base encourages content creators to launch their own tokens. Recent events, however, suggest that this approach may not be working as expected.

The criticism grew after YouTuber Nick Shirley launched a creator token on Zora. The token initially gained attention and reached a value of approximately $9 million. However, the success did not last long. The token’s value later fell to about $3 million. This indicates that the token did not attract many new users to the ecosystem. 

Furthermore, many traders and developers on the Base network started to question whether creator tokens truly have real demand. Others argued that if a well-known content creator could not maintain interest in his token, then smaller creators would likely struggle even more.

Coinbase Eyes Private Stablecoin Transctions on Base Network

Last year, Coinbase CEO Brian Armstrong said his team is working to enable private stablecoin transactions on the company’s Ethereum layer-2 network. Undoubtedly, this move is a significant step toward improving financial privacy on public blockchains.

While Armstrong did not elaborate on technical or regulatory details, many respondents said something about the system. Meanwhile, the Coinbase chief did not address those concerns directly but said more information would be released.