Coinbase’s Layer‑2 ‘Base’ Suffers First Major Outage Since Launch: Here is What Happened

Coinbase’s Layer-2 scaling solution known as ‘Base’ has experienced its first significant outage since its launch, raising concerns among users and investors alike. This incident marks a noteworthy event in the platform’s operation, prompting discussions about the stability and reliability of the service. In this article, we will delve into the details of the outage, explore the reasons behind it, and examine the potential implications for users and the broader cryptocurrency ecosystem. Here is what happened during this critical incident and the responses from Coinbase regarding the situation. source: https://blocknews.com/coinbases-layer‑2-base-suffers-first-major-outage-since-launch-here-is-what-happened/