Close Menu
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
What's Hot

Argentina’s Probe Into Libra Token Frozen Over Lack of Tech Tools

June 8, 2026

Here’s how Tokenization is quietly transforming the way the world holds real assets

June 8, 2026

Trump’s family crypto feud spills into customer accounts after wallet freeze

June 8, 2026
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
CryptoPulseDaily.com
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
CryptoPulseDaily.com
Home»Blockchain»1 million wallets use Coinbase-backed Base’s smart contracts during testing
Blockchain

1 million wallets use Coinbase-backed Base’s smart contracts during testing

June 8, 2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Blockchain


Base, a Layer 2 network in development by Coinbase, reported that more than one million wallets initiated smart contracts on its test network during the Builder Quest period.

This initiative was designed to identify potential issues in the network, which is still a testnet, under high stress conditions. With this surge in activity, the team was able to identify critical stress points in both the platform’s design and infrastructure, which it is now actively addressing. Yet it found these issues difficult to solve while keeping the whole system working as intended.

During this testing phase, the network faced a significant spike in activity and a flood of>noted, “After the implementation of this [doubling gas limit] adjustment, we faced issues due to larger L2 blocks when trying to batch blocks back to the Goerli L1.” After this, the team continued with fine tuning parameters regarding how it batches transactions.

“We fine-tuned parameters and made adjustments, hoping to reach equilibrium,” Base said. “Despite these changes, the system struggled to reach equilibrium and publish the unsafe blocks to the L1. It wasn’t until the quests slowed down that we could close the gap — emphasizing the need for a more robust, long-term solution,” the team acknowledged.

Built on Optimism’s development software stack, known as the OP Stack, Base is designed to serve as a rollup network, similar to Optimism. It aims to execute off-chain computations on a secondary layer to facilitate faster, cheaper transactions — all while maintaining the security benefits of the Ethereum mainnet. Furthermore, this solution could potentially become the default Layer 2 network for Coinbase’s on-chain products.

See also  BANA Protocol and OMOI Partner to Advance AI-Powered Communication in Web3

Base responds with system optimizations

Base’s core team has made two optimizations in an attempt to stabilize the system after seeing a major spike in activity. First, the core team said, it enhanced the data compression, aiming to better use the “L1 transaction call data.” Second, the team modified their system to allow the submission of multiple batches of transactions for each L1 block, rather than a single batch at a time. These changes, the team stated, could address the technical issues previously observed.

“As we look towards mainnet, these changes not only pave the way for possible increases in block gas limit but also ensure that base fees remain low and accessible for users,” the team said. “They [changes] also increase the reliability of writing L2 data to the L1, crucial for maintaining speedy withdrawals and transactions.”

The Base team previously reported its testnet has drawn interest from a range of developers and projects, including Blackbird, Thirdweb, OAK, and Parallel. Additionally, notable DeFi platforms like Uniswap and Aave are considering deploying on Base once it goes live.


Source link

Bases Coinbasebacked Contracts Million Smart testing wallets
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

DGrid AI, AIVM, and ChainGPT Unite to Bolster Independent AI Framework for Verifiable Web3

June 8, 2026

Alchemy Joins Kaia Governance Council to Bolster Blockchain Infrastructure

June 8, 2026

RWA Sector Grows Quietly as Holders Rise Across Plume and Solana

June 8, 2026

Odysight.ai® Establishes At-The-Market (ATM) Program of up to $20 Million to Enhance Financial Flexibility

June 8, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

$TRUMP Coin Dinner: High Stakes, Hefty Price Tags, and Heated Allegations

August 1, 2025

Mass Email Extortion Campaign Claims Server Hack

June 6, 2023

Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase

May 3, 2024

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Crypto, ICOs, Web3, Blockchain and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Argentina’s Probe Into Libra Token Frozen Over Lack of Tech Tools

June 8, 2026

Here’s how Tokenization is quietly transforming the way the world holds real assets

June 8, 2026

Trump’s family crypto feud spills into customer accounts after wallet freeze

June 8, 2026
Get Informed

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2026 Crypto Pulse Daily - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

Cleantalk Pixel
  • bitcoinBitcoin(BTC)$62,902.001.47%
  • ethereumEthereum(ETH)$1,672.963.78%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$598.661.86%
  • usd-coinUSDC(USDC)$1.000.02%
  • rippleXRP(XRP)$1.152.19%
  • solanaSolana(SOL)$66.153.26%
  • tronTRON(TRX)$0.326878-0.45%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.030.00%
  • HyperliquidHyperliquid(HYPE)$61.546.65%