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DeFi News

Base Suffers Its First Major Outage, Halts For Over 43 Minutes

Coinbase’s layer 2 blockchain network halts block production in the major outage.

Written By Gopal Solanky
Published 2023-09-06·Updated 5 months ago
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Base Suffers Its First Major Outage, Halts For Over 43 Minutes

Coinbase’s layer2 network, Base suffered a major outage on September 5 with the network going down for 43 minutes and halting block production.

Base shared a post citing that the delay in block production was a part of its internal infrastructure requiring a refresh. “The issue has been identified and remediated. No funds are at risk,” it said.

Earlier today we had a delay in block production due in part to our internal infrastructure requiring a refresh.

The issue has been identified and remediated. No funds are at risk.

To stay updated, check https://t.co/ipa94DPBLq

— Base (@base) September 5, 2023

The block production was stopped for 43 minutes which was discovered by the Base team 21:36 UTC on September 5, according to the network status page. 

Mainnet outage status dashboard.

While the fix was identified, the team said that it has resolved issues with network health and RPC APIs by releasing a final update on 00:56 UTC.

This is the first outage which occurred within a month of Base’s public launch on 9th August. Several people from the crypto community noted the incident while starting the debate on the blockchain network’s credibility. 

The Head of Research at Collective Shift, Matt Willemsen said that using L2s is not the same as using Ethereum that is ‘more battle-tested and involves fewer trust assumptions.’

Also read: Circle Launches USDC on OP Mainnet and Base

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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