The Layer 2 network Base: A Faster and Cheaper Solution for Ethereum Transactions
The Layer 2 network Base, developed by Coinbase, has released its mainnet for developers ahead of its public launch in August. Here are the key points:
1. Developer Mainnet: Base now allows applications to be deployed on its network, providing a secondary layer for off-chain computations. This improves transaction speed and reduces costs while maintaining the security of the Ethereum mainnet.
2. Preparatory Measures: To ensure network safety, the Base core team conducted thorough internal and external security audits, involving protocol experts from Coinbase and over 100 external security researchers.
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3. Developer Tools: Base mainnet offers various tools for developers, including node providers like Blockdaemon, QuickNode, and Blast, as well as popular block explorers like Etherscan and Blockscout.
4. No Native Token: Base has confirmed that it will not issue a native token. The focus is solely on providing an efficient and secure Layer 2 solution for Ethereum transactions.
5. Public Launch: The official launch of the Base mainnet is scheduled for early August, following the successful deployment of over a million wallet addresses on its testnet.
Hot Take: The release of Base’s mainnet marks a significant step towards improving the scalability of the Ethereum network. With faster and cheaper transactions, Base has the potential to attract a wide range of developers and users, further expanding the adoption of Ethereum-based applications.
