2024

Bitcoin

Base

<h4><strong>Coinbase alerts users to possible intermittent transaction failures on its wallet and website due to Base network congestion.</strong></h4> 
<p>This development underscores the challenges faced by blockchain networks and platforms as they scale to meet growing demand.</p> 
<h5><strong>Coinbase Transactions Hit by Base Congestion</strong></h5> 
<p>The <a href="https://twitter.com/base" target="_blank" rel="noopener">Base network</a>, known for its robust features and efficiency in handling transactions, has recently experienced unprecedented traffic. This activity surge caused bottlenecks, slowing transactions and leading to some failures. For Coinbase users, trading, withdrawals, and deposits may face disruptions, impacting their strategies and operations.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">BREAKING: <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> SAYS, DUE TO NETWORK CONGESTION ON THE <a href="https://twitter.com/base?ref_src=twsrc%5Etfw">@base</a> NETWORK, TRANSACTIONS ON ITS WALLET AND WEBSITE MAY EXPERIENCE INTERMITTENT FAILURES <a href="https://t.co/9eD9ZW1rhm">pic.twitter.com/9eD9ZW1rhm</a></p> 
 <p>— DEGEN NEWS <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5de.png" alt="🗞" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1770499972468723723?ref_src=twsrc%5Etfw">March 20, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Coinbase’s transparency in communicating these issues to its user base reflects its commitment to customer service and operational integrity. The exchange is collaborating with the Base team to resolve congestion and enhance transaction experiences. <a href="https://www.altcoinbuzz.io/?s=coinbase" target="_blank" rel="noopener">Coinbase</a> recommends transacting during off-peak times to reduce failure risks.</p> 
<p>This situation highlights the growing pains that come with the rapid expansion of the cryptocurrency ecosystem. With more adopting digital currencies, networks like Base face pressure to efficiently handle more transactions. This incident serves as a reminder of the technical and infrastructural challenges that need to be addressed to sustain the growth of the crypto market.</p> 
<h5><strong>More About Base</strong></h5> 
<p>The Base Network has announced a scheduled pause exercise for March 27th, from 11 AM to 12 PM PDT. During this time planned maintenance will be conducted, temporarily suspending withdrawals from the <a href="https://bridge.base.org/deposit" target="_blank" rel="noopener">Base’s bridge</a>.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The planned pause exercise has been rescheduled for March 27th, 11 AM – 12 PM PDT</p> 
 <p>At this time, planned maintenance will be carried out that renders withdrawals from <a href="https://t.co/h3xkKGCppj">https://t.co/h3xkKGCppj</a> temporarily unavailable</p> 
 <p>This planned pause exercise is part of our overall preparedness…</p> 
 <p>— Base <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@base) <a href="https://twitter.com/base/status/1770567879072915542?ref_src=twsrc%5Etfw">March 20, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This maintenance is key to the Base’s strategy for quick incident management and mitigation. Despite temporary withdrawal halts, users’ funds stay secure and will be accessible post-maintenance, maintaining platform integrity.</p> 
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<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/coinbase-faces-delays-from-base-network-congestion/">Coinbase Faces Delays from Base Network Congestion</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Coinbase Faces Delays from Base Network Congestion

Altcoin Buzz

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