Basechain Unveils 10x Faster Block Times, New Features

Basechain, formerly known as Base, has unveiled a suite of new features during its “A New Day One” conference, marking a significant evolution for the Ethereum layer-2 network. The platform has formally rebranded to Basechain, indicating a broader vision that extends beyond its original affiliation with Coinbase.

The most notable technical upgrade is Flashblocks, which reduces block times from two seconds to 200 milliseconds. This enhancement makes Basechain 10 times faster, positioning it as one of the fastest layer-2 solutions in the ecosystem. This improvement is expected to significantly enhance the platform's performance and user experience.

In addition to the technical upgrades, Basechain has rebranded Coinbase Wallet to simply Base. This all-in-one app now combines social features, discovery tools, chat, payments, and trading, aiming to offer a seamless user experience. The redesign unifies key aspects of Web3 interaction under a single interface, making it easier for users to navigate and engage with the platform.

Another core launch is MagicSpend, which allows users to pay gas fees and send transactions using their existing Coinbase balances. This feature aims to eliminate friction by enabling seamless activity without the need for manual fee management. By integrating MagicSpend, Basechain aims to streamline the user experience and make it more accessible for a broader audience.

These developments represent a major overhaul for Basechain, positioning it as a more robust and user-friendly platform within the Ethereum layer-2 ecosystem. The rebranding and new features are designed to attract a wider user base and enhance the overall functionality of the network. The introduction of Flashblocks, the Base app, and MagicSpend demonstrates Basechain's commitment to innovation and its vision for the future of Web3 technology.