Base rolls out Cobalt upgrade with conditional transactions, B20 asset enhancements

VERA Brief

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The Ethereum Layer 2 network Base has activated its Cobalt upgrade. This upgrade introduces conditional transactions and expands functionalities for assets adhering to its B20 standard, aiming to provide greater flexibility and control.

Key facts

• Base, an Ethereum Layer 2 network, has launched its Cobalt upgrade.
• The upgrade introduces conditional transactions, which allow transactions to execute only if specific conditions are met.
• The update enhances functionalities for assets issued under Base's B20 standard.
• The B20 standard is designed to facilitate interoperability and standardization of assets within the Base ecosystem.
• The Cobalt upgrade's capabilities are expected to support more complex decentralized applications and financial instruments.