Coinbase users are experiencing delays and frustration as the Base network faces heavy congestion, leading to transaction bottlenecks on the Coinbase Wallet app and Coinbase.com platform. The sudden surge in network traffic has resulted in transactions getting stuck in a “pending” state until the bottleneck clears, causing inconvenience to users.
This isn’t the first time Coinbase has encountered scaling challenges recently. Just weeks ago, the exchange struggled to cope with trading pressure during Bitcoin’s surge to a new all-time high. However, the current bottleneck on the Base network appears to be a distinct issue, unrelated to trading activity.
The issue highlights the importance of a robust infrastructure for Coinbase’s layer-2 solution. As users await resolution, Coinbase continues to work on addressing the congestion and restoring normal transaction speeds.
If you like this law news, share it with a friend!
Keywords: Tesla stock, Q4 delivery miss, TSLA, yearly sales decline, electric vehicles, Tesla deliveries, stock…
Keywords: Supreme Court, CJI Sanjiv Khanna, new year 2025, winter vacation, urgent listing, email system,…
Keywords: Indian youth, climate change, environment, climate impact survey, environmental awareness, India climate crisis, youth…
Keywords: industrial emissions, energy efficiency, decarbonisation, manufacturing sector, greenhouse gas emissions, fuel combustion, global warming,…
Keywords: Chennai Court, death sentence, Sathya murder case, stalking, IPC 302, Mahila Court, CB-CID, victim…
Keywords: 2024 hottest year, WMO report, climate change, dangerous heat, global warming, human health risks,…