• Coinbase (COIN) has launched Base, a layer 2 network built using Optimism’s OP Stack.
• Base will provide easy and secure access to Ethereum, Optimism, Solana and other blockchain ecosystems.
• Coinbase is joining Optimism as a core developer on the open-source OP Stack.
Coinbase Launches Layer 2 Blockchain Base
Coinbase (COIN) has launched Base, a layer 2 network built using Optimism’s OP Stack, providing easy and secure access to Ethereum, Optimism, Solana and other blockchain ecosystems. Coinbase is joining Optimism as a core developer on the open-source OP Stack.
Base Built on Optimism
Base is built using the latest version of the open-source OP Stack technology from Optimism. The protocol enables scalability and lower transaction costs while also offering secure access to multiple blockchains including Ethereum, Solana and others.
No Token Issuance Plans
Coinbase has no plans to issue a new network token for Base at this time. The goal is to provide an accessible onramp for developers looking to build decentralized applications or “dapps” onchain in an efficient manner without having to worry about token issuance or other matters related to running their own networks.
Testnet Launch Successful
The testnet of Base was started by Coinbase on Thursday with much success thus far. The launch brings a new wave of mainstream crypto adoption that could attract millions of new users in years ahead.
Secure Accessibility & Low Costs
The main focus of Base is accessibility and low cost transactions within the network while also offering security measures such as encrypted connections between users and nodes that are monitored 24/7 by Coinbase engineers for any malicious activity detected onchain or offchain. This allows developers to create dapps securely without worrying about security issues like double spending or 51% attacks that may occur when launching their own networks from scratch.