The Coinbase-assisted Ethereum Layer 2 network has introduced three key innovations to improve blockchain scalability and ease of use.
According to a blog post on February 27th, these tools (Flash Blocks, Smart Wallet Sub-Accounts, and Base Appliances) are intended to simplify blockchain development while increasing transaction efficiency.
Base explained that these tools emphasize the focus on expanding the on-chain economy with faster transactions, customized infrastructure and improved wallet capabilities.
It stated:
“We’ll introduce three new building blocks to allow everyone to build on-chain. We can easily use the base using flash blocks to speed up flash blocks, a base app that supports base scale, and a smart wallet subaccount.”
These updates enhance the base’s position as a major Ethereum Layer 2 network. Data from GrowthEpie shows that it handles 4.61 million weekly active addresses, accounting for over 50% of Layer 2 activity.
Flash Block
According to the post, the base is testing the flash block. This is a new technology designed to reduce transaction processing time from 2 seconds to 200 milliseconds.
Developed by Flashbots, this innovation can make the base 10 times faster and can be established as the most efficient Ethereum Virtual Machine (EVM) chain.
FlashBlocks leverages the PRECONFIRMATION block, which updates every 200 milliseconds, allowing for rapid transaction finality. Added base:
“This architecture draws inspiration from innovations in block propagation and execution, such as Solana’s Shreds and Celestia’s data squares, while introducing new optimizations in the roll-up context.”
Base’s lead developer Jesse Pollak highlighted the performance potential and noted that the platform can run twice as fast as Solana, significantly improving both the developer and the user experience.
This technology is currently being tested on Base’s Sepolia TestNet. The mainnet is planned for the second quarter of 2024.
Base app
Base deploys a Base App, a Layer 3 (L3) scaling solution built on the OP stack.
This tool is designed to support applications that require high transaction throughput. Base said AppChains provides a more flexible environment for developers by enabling configurable gas tokens, fee structures, and permit models.
The solution is directly integrated with Coinbase Developer Platform (CDP) to provide enterprise-grade infrastructure, including managed sequencers and dedicated block space.
Several applications, including Horizen, Metacade, and others, have already leveraged the base app to support real privacy applications and meet the high demand of on-chain gamers.
Smart Wallet Sub Account
Smart Wallet subaccounts improve the way users manage activities on the chain by allowing multiple wallets to function within a single interface.
This feature reduces unnecessary wallet pop-ups and enhances transaction security through granular spending restrictions.
The new accounts also simplify onboarding as they can provide funding directly from the primary wallet while maintaining strict access control.
According to the base, the smart wallet sub-account will now be integrated into the network’s testnet and will be live on the mainnet in the second quarter.
It is mentioned in this article
