Coinbase unveils major upgrade to its L2 network, Base
Coinbase unveils major upgrade to its L2 network, Base
Coinbase's Ethereum layer-2 network, Base, plans a significant upgrade to attract more developers by increasing its gas target to double digits.
Coinbase's Ethereum Layer-2 network, Base, has announced a big upgrade to increase its gas target to double digits, aiming to enhance transaction speeds and attract more developers.
Scheduled for July 30, the upgrade will raise the gas target from 9.375 million gas per second (Mgas/sec) to 10 Mgas/sec. This is 10% of the target of 1 Ggas/second, as reported by CoinGape.
Base has been focusing on improving its performance, recently achieving a transaction per second (TPS) rate of over 50 for the first time. Jesse Pollak, a key developer at Base, shared this milestone and the upcoming upgrade on X, highlighting the community's enthusiasm for the enhanced efficiency and scalability.
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The Layer-2 network's push for innovation is driven by the growing demand for faster and more scalable blockchain solutions. With the new gas target, Base aims to handle more transactions per block, making it a more attractive platform for developers. The upgrade is expected to facilitate increased economic freedom and technological advancement within the crypto ecosystem.
To prepare for the upgrade, Base has provided a checklist for node operators, emphasizing the need for system upgrades. The detailed steps include:
- Monitoring CPU and disk I/O.
- Upgrading to NVMe SSDs for better throughput.
-тEnhancing single-core CPU performance.
The upcoming upgrade not only signifies a technical enhancement but also reflects Base's commitment to fostering a dynamic and developer-friendly environment.
Coinbase is a US-based crypto platform where users can buy, sell, exchange and store cryptocurrencies. The platform is intuitive and supports basic transactions, digital wallets and PayPal withdrawals. The platform offers more than 240 cryptocurrencies and is trusted by more than 110 million users.
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