Coinbase L2 Network Base: What You Need To Know About the Upcoming Regolith Hard Fork

According to reports, the Coinbase L2 network Base stated on Twitter that the first hard fork will be conducted on the Base testing network, scheduled for 01:00 Beijing time on April 28th. The Regolith hard fork is designed to make Base more secure and reliable. The upgrade follows the Optimism Regolith hard fork upgrade on March 17th, enabled through timestamp based configuration changes to the summary nodes and execution engine of the OP Stack.

The Coinbase L2 network will undergo its first hard fork on the Base testing network

Have you heard about the upcoming hard fork on the Coinbase L2 network Base? Scheduled for April 28th at 01:00 Beijing time, the Regolith hard fork aims to make Base more secure and reliable. In this article, we’ll dive into the details of the hard fork, what it means for Coinbase users, and the technology behind it.

What is Coinbase L2 Network Base?

Coinbase L2 network Base is a sidechain solution built on top of the Ethereum network that aims to increase transaction throughput and reduce fees. It is designed to enable fast and cost-efficient trading for Coinbase users. Base uses an Optimistic Rollup architecture that aggregates multiple transactions into a single batch, which is then submitted to the Ethereum network. This helps to increase network efficiency, as more transactions can be processed in a single block.

What is a Hard Fork?

Before we dive into the details of the Regolith hard fork, let’s first explain what a hard fork is. In the context of blockchain technology, a hard fork is a permanent divergence from the existing blockchain, creating a new version of the network that is not backward-compatible with the previous version. This means that the new version has its own set of rules and protocols that must be followed by its users, creating a new network independent of the previous one.

The Regolith Hard Fork

Now that we have a basic understanding of hard forks and the Coinbase L2 network Base, let’s explore the Regolith hard fork in more detail. The Regolith hard fork is designed to improve the security and reliability of the Base network. The upgrade builds on top of the Optimism Regolith hard fork upgrade, which was enabled on March 17th.
The Regolith hard fork introduces new features and improvements to the Base network. It includes changes to the way the summary nodes and execution engine of the OP Stack interact and communicate with each other. These changes are designed to enhance network stability and ensure that Base can handle more complicated transactions.

What Does This Mean for Coinbase Users?

For Coinbase users, the Regolith hard fork will not require any action on their part. If you have funds stored on the Base network, they will not be impacted by the hard fork. However, during the hard fork, there may be some temporary disruption to trading activity on Base. We recommend that Coinbase users stay up to date on any announcements from Coinbase regarding the hard fork.

The Technology Behind the Regolith Hard Fork

The Regolith hard fork utilizes a timestamp-based system to enable changes to the summary nodes and execution engine of the OP Stack. This system ensures that all nodes on the Base network are in sync and that changes to the network are executed at the same time. The hard fork upgrade will allow the Base network to handle more complex transactions, improve network stability, and enable new features in the future.

Conclusion

The Regolith hard fork on the Coinbase L2 network Base is scheduled for April 28th and aims to improve the security and reliability of the network. The upgrade follows the Optimism Regolith hard fork upgrade, which was enabled on March 17th. For Coinbase users, the hard fork will not require any action on their part, but there may be some temporary disruption to trading activity on Base. Stay up to date on any announcements from Coinbase regarding the hard fork.

FAQ

Q1: What is Coinbase L2 network Base?
A1: Coinbase L2 network Base is a sidechain solution built on top of the Ethereum network that aims to increase transaction throughput and reduce fees.
Q2: What is a hard fork?
A2: In the context of blockchain technology, a hard fork is a permanent divergence from the existing blockchain, creating a new version of the network that is not backward-compatible with the previous version.
Q3: What is the Regolith hard fork?
A3: The Regolith hard fork is a network upgrade on the Coinbase L2 network Base that aims to improve the security and reliability of the network. The upgrade builds on top of the Optimism Regolith hard fork upgrade, which was enabled on March 17th.