⚡ Layer 2 & Scaling: Base Blockchain

Base blockchain experienced a two-hour outage, disrupting its network. The incident raised questions about Coinbase's ability to manage the network.

The outage highlights the challenges of scaling and maintaining a blockchain network. Base is a Layer 2 blockchain, designed to improve scalability and efficiency.

The outage was resolved, and the network resumed operations, but it may impact investor confidence, and the cryptocurrency market is watching the situation closely, as outages can affect liquidity and risk appetite, and the situation is being monitored by market participants for any further developments.