NasdaqGS:COINCapital Markets
Coinbase (COIN) Hit A Base Outage That Exposed Its Layer 2 Risks
Coinbase Global’s Base blockchain, part of its Ethereum scaling stack, recently halted for nearly two hours after an invalid block triggered a consensus failure.
The outage disrupted one of Ethereum’s largest layer 2 networks and highlighted technical risk tied to a single sequencer setup and the mechanisms for restoring normal operations.
Coinbase implemented a network upgrade to resolve the issue, and user funds were reported as safe throughout the incident.
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