The presence of the Base test network was not smooth: a failure occurred in the early morning, and the team revised the commitment terms

On February 24, it was reported that Coinbase broke down a few hours after the launch of the Ethereum L2 network base test network. Twitter user @ 0xfoobar attached a screenshot of Etherscan’s transaction list and said: “The bridge of Base started very hard. Every transaction is recovering, and the bridge contract has not been verified, so no one can figure out what happened.” However, some of the transactions seem to have recovered. Coinbase said that the operational failure of the test network was caused by a problem in the Coinbase wallet, which incorrectly estimated the gas fee required to execute user transactions. Therefore, the gas paid by users is lower than the gas required to execute the transaction, which urges Base to resume these transactions instead of processing them. （CoinDesk）

Interpretation of this information:

On February 24, Coinbase experienced an operational failure a few hours after the launch of the Ethereum L2 network base test network. This was caused by an issue in the Coinbase wallet which incorrectly estimated the gas fee required to execute user transactions. Therefore, the gas paid by users was lower than the gas required to execute the transaction, which resulted in Base resuming these transactions instead of processing them. This caused difficulties for the initial launch of the network, and the bridge contract was not verified, making it even more challenging to resolve the issue.

The incident highlights the importance of proper testing and validation before implementing new changes in an existing system. Coinbase is a leader in the crypto industry and the launch of the Ethereum L2 network base test network was a significant event. Any operational failure on their part can potentially have consequences for the entire ecosystem. Therefore, it is crucial to conduct thorough testing and ensure that all components are verified before implementing any significant changes.

Furthermore, this event showcases the complexity and technical difficulties that come with blockchain technology. While it has many advantages, it is also prone to various technical issues that can be difficult to solve. Therefore, a strong technical team with adequate knowledge of the technology is required to tackle such issues effectively.

In conclusion, the Coinbase operational failure during the launch of the Ethereum L2 network base test network highlights the importance of proper testing and validation, and the technical difficulties that come with blockchain technology. It serves as a reminder that implementing changes in an existing system should be done with utmost care and attention to avoid any potential operational failures that can have a significant impact on the ecosystem.