Base Halts for 33 Minutes After Backup Sequencer Fails to Launch
Main Idea
Base, Coinbase’s Layer-2 blockchain, experienced a 33-minute halt in block production due to a backup sequencer failure, but operations resumed normally after the issue was fixed.
Key Points
1. Base stopped producing blocks for 33 minutes on August 5 due to a problem during a routine switch to a backup system.
2. The main sequencer fell behind in handling live transactions, but block production was restored by 6:40 AM UTC.
3. Base currently holds over $4.1 billion in total value and plans to improve sequencer readiness to prevent future issues.
4. Coinbase recently announced plans to raise $2 million through a private sale of convertible notes.
Description
On August 5, Base, Coinbase’s Layer-2 blockchain, stopped producing blocks for 33 minutes due to a problem that occurred during a routine switch to a backup system.
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