Base To Launch B20 Standard For Fungible Tokens On Mainnet

Coinbase-backed Ethereum layer-2 community Base is ready to activate its B20 token commonplace on mainnet, introducing a local framework for stablecoins, tokenized real-world belongings (RWAs) and different fungible tokens. 

In keeping with Base documentation, B20 is scheduled to go reside at 6 pm UTC on the mainnet, enabling builders to start creating tokens beneath the brand new commonplace.

The activation will allow builders to make use of Base’s native token commonplace to create stablecoins, RWAs, tokenized equities and different fungible tokens with out requiring them to construct and audit customized ERC-20 contracts.

The usual helps two variants: asset and stablecoin. The asset variant has configurable decimals between six and 18, whereas the stablecoin variant has mounted six-decimal formatting and requires issuers to specify a fiat forex denomination, such because the US greenback or euro.

B20 helps two variants. Supply: Base

B20 was launched as a part of the community’s Beryl improve, which went reside on June 26. The improve shortened withdrawal ready durations from seven days to 5 days and added technical modifications aimed toward enhancing community efficiency. 

Base mentioned B20 tokens are appropriate with commonplace ERC-20 tokens however include built-in issuer controls. These options embrace provide limits, switch guidelines, minting, burning, pausing and transaction notes.

B20 activation follows Base outages

The B20 activation follows back-to-back outages linked to its sequencer infrastructure. 

On June 25, Base encountered an outage attributable to a consensus difficulty. On the time, the community mentioned an invalid block had been sequenced, stopping new blocks from being created. Base resumed block manufacturing on the identical day, after a virtually two-hour halt.

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In a autopsy, Base mentioned {that a} sequencer bug triggered back-to-back outages on June 25 and June 26. The primary incident lasted for about 116 minutes, whereas a second outage lasted about 20 minutes after a race situation prevented sequencers from catching up after a system reset. 

The preliminary outage occurred hours earlier than the scheduled Beryl improve, which was delayed by someday as a result of a separate B20 activation registry timing difficulty.

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