The Coinbase-backed Base network plans a major upgrade to challenge Solana

PANews reported on May 26 that according to Beincrypto, Base, the Ethereum Layer2 network supported by Coinbase, is about to usher in a major upgrade to improve speed, reduce costs, and enhance decentralisation. On May 24, Jesse Pollak, the lead developer of Base, announced the upgrade plan on the X platform. This upgrade aims to expand the scale of Base to meet the needs of users and developers. The team is working hard to reduce the transaction confirmation time to 200 milliseconds, reduce the transaction fee to less than $0.01, and achieve a short-term goal of more than 200 transactions per second, with an ultimate goal of 1 million transactions per second.

Base is moving towards a more decentralised architecture, and plans to move key components of the protocol to Ethereum Layer 1 through smart contracts, allowing independent developers and validators to participate in the development of the network. At the heart of the upgrade is the Flashblocks system, which enables near-instant "pre-confirmation blocks", which has entered the testnet trial and is expected to be launched on the mainnet by the summer of 2025. In addition, Base will expand gas throughput by 250 times by the end of the year. Pollak believes that these upgrades will significantly improve Base's speed and efficiency, making it a potential competitor to chains such as Solana and Sui.

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