Coinbase’s Base Chain Warns of ‘Stuck’ Transactions Amid Traffic Surge
The Ethereum layer-2 chain’s status page warns users of high fees and slowdowns as traders flock to new Base meme coins.
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The Ethereum layer-2 chain’s status page warns users of high fees and slowdowns as traders flock to new Base meme coins.
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as “proto-danksharding,” which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
The controversial layer-2 network had taken $2.3 billion in deposits since November as it prepared for launch, but within 24 hours of going live, that figure had dwindled to $650 million.
The upgraded prover should lead to faster and cheaper transactions, according to StarkWare. The news comes just a week after StarkWare and Polygon announced Circle STARKS, a new type of cryptographic proof.
Users of Robinhood’s self-custody wallet will have access to Arbitrum swaps in the next coming months.
Cairo, which the StarkWare and the Herodotus developer team worked on together, is a key piece of technology that verifies proofs and posts them back to the layer-2 blockchain, instead of Ethereum’s mainnet.
The timing for the long-awaited Dencun upgrade, with its much-touted “proto-danksharding” feature, was announced Thursday on a call with top developers for the Ethereum blockchain.
The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.
SAVM jumped several thousand percent to a market capitalization of as high as $90 million a few hours after issuance.
ENS, the governance token of the Ethereum Name Service project, surged after Ethereum cofounder Buterin posted on X that the service is “super important.”