Coinbase Exchange Unveils Mainnet Launch Criteria for Base L2

Coinbase Exchange Unveils Mainnet Launch Criteria for Base L2

Base, the Ethereum-based Layer-2 blockchain protocol affiliated with Coinbase, announces launch readiness and target milestones for its forthcoming mainnet launch with safety and security as top priorities and no plans to issue a network token.

Base, the Ethereum-based Layer-2 (L2) blockchain tech protocol affiliated with American cryptocurrency trading platform Coinbase Crypto exchange Worldwide Inc has released some basic criteria that will guide its next mainnet launch. Reports by the announcement from the Base protocol’s official Twitter account, the push to launch its mainnet is hinged solely on getting the safety and security provisions right.

Base Launch Readiness and Target Milestones

The layer-2 protocol pointed out that it has no intends  to make available a native crypto token for the Base protocol, a revelation that, though not new, is against the basic design model of most L2s. The protocol acknowledged that since it launched its testnet, it has welcomed a number of innovative projects building on its platform. Base stated it plans on increasing the number over time.

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As part of the efforts it stated it has made towards the mainnet launch is the full audit of its “codebase and infrastructure, load testing for scalability, supporting @optimismFND’s upgrade to Bedrock, and ensuring a top-notch developer experience.”

Since the Base testnet went live in February of in the year, the protocol has ticked 2 out of the 5 criteria that will in the end determine its mainnet launch. With the successful testnet Regolith hardfork and the completion of the infra review with OP Labs team, the upgrade of Optimism mainnet to Bedrock remains a key box to tick.

In addition, Base stated it will likewise work towards completing its protocol audits with no critical issues likewise as maintaining testnet stability.

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Post Launch Plans

As Base highlighted, the protocol will enter the Genesis Window instantly after the mainnet launch, a period that will be characterized by the deployment of Decentralized Application (DApps). During this window, Base stated its core team will provide hands-on support to developers deploying their dapps and that it will recognize early dapps launching on Base.

Layer-2 protocols are taking the center stage in the evolution of decentralized infrastructures as the blockchain tech ecological system is evolving. In addition to Base, Shiba Inu (SHIB) is likewise developing its own L2 – Shibarium – to participate in the hoard of outfits looking to assist scale the Ethereum (ETH) protocol.

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Post launch, the Coinbase-linked protocol will likewise have Arbitrum and Polygon zkEVM to compete with.


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