Crypto exchange Coinbase announced the launch of Base – an Ethereum layer-2 network. Coinbase says Base is designed to be a low-cost, secure, developer-friendly environment that will attract more users to the crypto-sphere.
Cryptocurrency exchange Coinbase announced in a blog post on February 23 the launch of Base. Base is Coinbase’s Ethereum layer-2 (L2) network offering a low-cost, secure, and developer-friendly network for building decentralized applications (dApps) on the blockchain. Base uses Optimism’s OP Stack. In its blog, Coinbase says its goal with Base is to make “on-chain the next online” and onboard billions of users into the crypto space.
Layer-2 networks help to make transactions faster and cheaper than the blockchain underlying it, in this case, the Ethereum blockchain. It works by processing bundles of transactions on a separate chain. It then sends receipts back to the main net. According to Coinbase, Base will be “a rollup agnostic superchain powered by
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