Base Unleashed: Coinbase’s Layer-2 Blockchain Seeks to Transform Decentralized Applications
Coinbase, the largest publicly traded U.S. cryptocurrency exchange, has confirmed the forthcoming launch of Base, its layer-2 blockchain network, scheduled for public release on August 9. Built using the Optimism’s OP Stack, Base has been designed to offer a safe, cost-effective, and developer-friendly platform for creating on-chain applications. Base, an Ethereum Layer 2 (L2) chain, was cultivated within Coinbase, combining a decade’s worth of experience in building crypto products. The plan is to gradually decentralize the chain over time, with no current intentions to introduce a new network token. One of the major attributes of Base is that it is