{"id":1446,"date":"2023-02-24T13:01:39","date_gmt":"2023-02-24T13:01:39","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=1446"},"modified":"2023-02-24T13:01:42","modified_gmt":"2023-02-24T13:01:42","slug":"coinbase-launches-base-an-ethereum-layer-2-network","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/coinbase-launches-base-an-ethereum-layer-2-network\/","title":{"rendered":"Coinbase Launches Base, an Ethereum Layer-2 Network"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Cryptocurrency exchange Coinbase has recently announced the launch of &#8220;Base,&#8221;  an Ethereum layer-2 network. Base aims to provide a low-cost, secure, and developer-friendly environment for creating decentralized applications (DApps) on the blockchain. Coinbase believes that this new network will serve as a bridge for users to enter the crypto economy and will facilitate access to other L1 ecosystems like Solana while also being interoperable with other chains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-features-of-base\">Features of Base<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to Coinbase, Base will give users access to the company&#8217;s tools, products, and users, as well as easy fiat on-ramps and powerful acquisition tools. The network will be highly centralized at the start, built on the OP Stack used by Optimism. However, Coinbase has outlined a detailed plan for decentralization over time. The network will not issue a new network token, and it will be fully open source and freely available.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Coinbase&#8217;s Plan for Decentralization<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In its announcement, Coinbase revealed its plan to work with Op Labs and the Optimism Collective to decentralize the Optimism ecosystem by creating a &#8220;Superchain&#8221; of connecting networks built on the OP Stack. The company has judged that the current version of Optimism is a &#8220;Stage 0 rollup,&#8221; as cited in Vitalik Buterin&#8217;s post on the decentralization of rollups. Coinbase plans to progress Base to &#8220;Stage 1&#8221; by the end of 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read More: <a href=\"https:\/\/www.cryptometer.io\/news\/sberbank-launches-decentralized-finance-platform-in-russia\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sberbank Launches Decentralized Finance Platform in Russia<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Base as a Bridge<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Coinbase intends Base to be an easy-to-use network that will encourage users to familiarize themselves with using crypto. However, the company&#8217;s ultimate goal is for users to &#8220;start on Base but go everywhere.&#8221; Coinbase also plans to continue integrating with other networks as an exchange, and Base will be &#8220;a bridge, not an island.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coinbase&#8217;s launch of Base, an Ethereum layer-2 network, provides a low-cost, secure, and developer-friendly environment for building DApps on the blockchain. The network aims to be a bridge for users to enter the crypto economy and will provide access to other L1 ecosystems like Solana while also being interoperable with other chains. Coinbase has outlined a detailed plan for decentralization over time and intends for Base to be an easy-to-use network for its customers. By creating a &#8220;Superchain&#8221; of connecting networks built on the OP Stack, Coinbase plans to progress Base to &#8220;Stage 1&#8221; by the end of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Coinbase has recently announced the launch of &#8220;Base,&#8221; an Ethereum layer-2 network. Base aims to provide a low-cost, secure, and developer-friendly environment for creating decentralized applications (DApps) on the blockchain. Coinbase believes that this new network will serve as a bridge for users to enter the crypto economy and will facilitate access to [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":1450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[258,30],"tags":[],"class_list":["post-1446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","category-exchange"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Coinbase Launches Base, an Ethereum Layer-2 Network<\/title>\n<meta name=\"description\" content=\"Cryptocurrency exchange Coinbase has recently announced the launch of Base, an Ethereum layer-2 network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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