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FollowingBase will activate the B20 token standard on the main network to simplify the process of stablecoins and asset tokenization
Base, the Ethereum second-layer network supported by Coinbase, is preparing to launch the B20 standard on its main network, which is specifically designed for stablecoins, tokenize real-world assets and other homogeneous tokens. According to network documentation, the activation time is scheduled to start at 18:00 UTC time.
B20 introduces a native token framework
New standards allow developers to create tokens on Base without having to write their own custom ERC20 contracts or seek additional audits. This covers not only stablecoins, but also tokenized real-world assets, digital equity and other fungible digital assets.
Base, as an Ethereum Layer 2 network, aims to enable faster and cheaper transactions. The B20 standard is intended to make the token issuance process within the ecosystem more streamlined and clearly structured.
Base stated that the B20 token will remain compatible with standard ERC20 tokens, while providing issuers with built-in tools such as supply caps, transfer rules, casting, destruction, suspension and transaction memoranda.
There are two versions of the B20 standard. Asset variants allow issuers to set decimal places between 6 and 18. The stablecoin version fixes the decimal place to 6 and requires the issuer to define a fiat currency (such as the US dollar or euro) as the benchmark.
Small Dictionary
\"Real-world assets\" refer to the tokenization of off-chain assets (such as bonds, stocks, commodities, or real estate) on the blockchain. A stablecoin is a digital asset designed to remain anchored in the value of fiat currencies, usually the US dollar or euro.
B20 variant
Asset type: decimal places can be adjusted between 6 and 18.
Stable currency: decimal places are fixed to 6, a legal tender needs to be defined.
Launched simultaneously with the Beryl upgrade
The B20 was introduced as part of the Beryl upgrade that went online on June 26. With this update, Base has shortened the withdrawal waiting time from seven days to five days and implemented other technical changes aimed at enhancing network performance.
However, the B20 main network activation follows Base\'s recent infrastructure failure. On June 25, the network was interrupted due to consensus issues. During this period, Base reported that an invalid block was sorted, making it impossible to create a new block. Block production resumed after an interruption of approximately two hours.
Successive failures raise concerns
A technical review released by Base shows that consecutive outages on June 25 and 26 were caused by software errors in the sequencer infrastructure. The first interruption lasted approximately 116 minutes. The second interrupt occurred after the system reset and the sorter failed to synchronize correctly due to race conditions. It lasted for approximately 20 minutes.
The first outage occurred just hours before the scheduled Beryl upgrade. The upgrade itself was delayed by a day due to another separate issue with the B20 activation log time.
These developments highlight Base\'s efforts not only to simplify the developer experience with new token standards, but also to overcome recent technological setbacks that have affected its network infrastructure.
