The cryptocurrency exchange Coinbase reveals its own Layer 2 Ethereum : Base. The network is built using Optimism’s OP Stack, and aims to attract millions of new crypto users in the coming years. THE testnet de Base is launched this Thursday by Coinbase.
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We’re excited to announce @BuildOnBase.
Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps.
Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy. pic.twitter.com/RmwZFJzGGs
—Coinbase (@coinbase) February 23, 2023
We’re excited to announce Base is an Ethereum L2 that offers a secure, inexpensive, and developer-friendly way to build decentralized applications for anyone, anywhere.
Our goal with Base is to make “onchain” the next “online” and enable over a billion users to participate in the economy. crypto.
Base: Coinbase’s open-source layer 2
Coinbase quickly calms the ardor of certain members of the community by explaining that no token (and therefore no airdrop) is planned with the project Base. “Base is not a token. We do not plan to issue a new network token for Base and we will be using ETH as our token. gas native.
To fully embrace decentralization, Coinbase chose to build Base on the OP Stack of Optimism. In effect, Coinbase joined Optimism as lead developer on this open-source OP Stack, a development toolkit for networking Optimism.
However, Base will not be limited to Ethereum and will also provide easy and secure access to other networks L2 such that Optimismas well as other ecosystems and blockchains L1 like Bitcoin, Solana Or Cosmos.
Coinbase would allow developers to directly integrate their product with Base and provide fiat on-ramps – targeting an estimated number of 110 million users And $80 billion ofassets on the platform in the ecosystem Coinbase.
At the same time, Coinbase announces the launch of Base Ecosystem Funda fund intended to “invest in and support early-stage projects based on Base that meet our investment criteria.”
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