Top crypto exchange Coinbase launches Base network for everyone
After being in a “builders only” phase, Coinbase has officially launched its Base network, inviting new users to join the cryptocurrency community. The launch comes after months of anticipation and engagement on social media platforms. With the support of Coinbase, Base has already integrated over 100 dapps and service providers within its ecosystem, fostering connections across various Coinbase products and the Web3 realm.
Coinbase introduces Base network to regular users
Coinbase initially introduced the beta version of Base in February, followed by the mainnet version for developers in July. The recent release marks a milestone as regular users can now actively participate in the ecosystem. Coinbase CEO Brian Armstrong demonstrated the usability of Layer 2 (L2) by showcasing a bridging transaction and an NFT he received, highlighting the potential revenue generation for Coinbase through its proprietary blockchain.
About the Base Network
Base is Coinbase’s Ethereum Layer 2 (L2) chain, providing a secure and developer-centric on-chain experience. Built with Optimism’s OP Stack, Base leverages Ethereum’s security and scalability to create a foundation for decentralized applications (dapps). Developers can benefit from streamlined product integration, user engagement, and convenient fiat onramps within the Coinbase ecosystem.
Coinbase’s Vision for Base
Coinbase sees Base as a way to integrate its products, users, and assets within the decentralized cryptocurrency landscape. The company aims for a decentralized trajectory by anchoring operations on Ethereum and collaborating with Optimism. Coinbase envisions a gradual decentralization process for the Base platform, reflecting its commitment to a community-driven ecosystem.
Hot Take
Coinbase’s launch of the Base network marks a significant step towards a more inclusive and decentralized cryptocurrency ecosystem. By allowing regular users to participate, Coinbase is expanding its reach and potential revenue streams. With the integration of over 100 dapps and service providers, Base has the potential to become a thriving platform within the Coinbase ecosystem. This move showcases Coinbase’s commitment to innovation and its drive to provide accessible and user-friendly solutions in the crypto space.
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