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.
There’s no slowdown in blockchain news, with Ethereum’s Dencun upgrade in the rear view mirror and Bitcoin’s halving now just over three weeks away. We spoke with Solana’s Anatoly Yakovenko about the meme coin frenzy stressing the suddenly-active blockchain.
Several months ago, the halving was expected to take place on April 28; now it’s on track to land on April 18. Blame the surge in bitcoin’s price, which has attracted more mining power and sped up the network.
Scores of newly issued tokens boast trading volumes of tens of millions, showcasing network usage and demand for blockspace.
The Cyclone Stack will include upgrades aimed at scaling and improving performance of the blockchain.
Drift Protocol – a crypto spot and futures exchange that operates on the Solana blockchain – plans to expand into “pre-launch markets,” too, with a service that lets traders bet on the price of tokens before they start officially trading.
Story Protocol will be used to “prove that outputs like text, image, and voice are generated by specific models” so that IP can be tracked, attributed, and compensated correctly.
The indexing layer is also expanding to Avalanche and Celo.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 14-March 20.
Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.