Base, an Ethereum Layer 2 network supported by Coinbase, is preparing for significant upgrades to enhance speed, affordability, and decentralization. Lead developer Jesse Pollak shared the network's improvement roadmap on May 24. The upgrades aim to scale Base to meet the increasing demands of users and developers. Plans include reducing transaction confirmation times to 200 milliseconds and maintaining network fees below $0.01. The ultimate goal is to process over 200 transactions per second initially, with a long-term target of 1 million TPS. Base is also transitioning towards a more decentralized structure by moving key protocol components to Ethereum's Layer 1 through smart contracts. Infrastructure upgrades, such as the introduction of Flashblocks for near-instant preconfirmation blocks, are underway to enhance scalability and user experience. The network plans to increase gas throughput from 25 Mgas/s to 50 Mgas/s in Q2 and eventually to 250 Mgas/s by year-end, significantly improving efficiency and positioning Base as a strong competitor in the blockchain space. Read more AI-generated news on: https://app.chaingpt.org/news

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