Coinbase’s Base network is planning a mainnet upgrade called Beryl for June 25. It will introduce a new B20 token standard designed to make creating and storing tokens cheaper.
Frequently Asked Questions
Here is a list of FAQs about Coinbases Base network the Beryl upgrade and the new B20 token standard scheduled for June 25
Beginner Questions
1 What is the Beryl upgrade for Base
Its a technical upgrade to the Base network that improves how fast and cheap transactions are and it introduces a new way to create tokens called the B20 standard
2 What is the new B20 token standard
Think of it as a new recipe for creating tokens on Base Its designed to be more efficient and secure than older standards making it easier to build things like stablecoins reward points or ingame items
3 When is this happening
The Beryl upgrade and the launch of the B20 standard are scheduled for June 25
4 Do I need to do anything to my wallet or funds
If you just hold crypto in a wallet like Coinbase Wallet or MetaMask you likely dont need to do anything The upgrade happens in the background Software wallets will update automatically
5 Will this make transactions cheaper on Base
Yes The Beryl upgrade is expected to lower transaction fees by making the network process data more efficiently
Advanced Questions
6 How is B20 different from the existing ERC20 token standard
B20 is built specifically for Bases architecture It offers better gas efficiency builtin security checks to prevent common bugs and easier integration with Bases native features like account abstraction
7 Will my existing ERC20 tokens on Base stop working after the upgrade
No The Beryl upgrade is backward compatible All your existing tokens will continue to work perfectly B20 is just a new optional standard for new tokens
8 As a developer what are the main benefits of switching to B20
You get lower deployment costs builtin security features and native support for offchain data storage which can drastically reduce fees for your users It also simplifies writing smart contract code
9 Does the Beryl upgrade change how Base handles blobs or L1 data posting
Yes Beryl is