Base Network by Coinbase Stuck? Block 33792704 Raises Concerns

Key Points

1. Base mainnet has stalled at block height 33,792,704, with no new blocks generated for at least 19 minutes.

2. The issue involves a breakdown in sequencer behavior, block propagation, or consensus, critical for block production in layer-2 rollups like Base.

3. Base relies on Optimism's OP Stack, and its centralized design (powered by Coinbase) raises concerns about fallback mechanisms and decentralized sequencers.

4. Users are advised to avoid deposits and contract calls until the issue is resolved due to potential risks.

5. The stalling highlights centralization concerns in modern layer-2 designs and their impact on consumer-facing apps and financial institutions.