Crypto exchange Coinbase to launch Layer-2 blockchain Base
Coinbase has announced that its Layer-2 blockchain Base will be open to the public on August 9. The platform aims to bring more users onto the blockchain and provide lower transaction fees. The official bridge between Base and Ethereum is already operational, allowing users to move tokens between the two networks. To celebrate the launch, Coinbase is hosting a month-long festival called “Onchain Summer” featuring various onchain activities. The company is also offering grants for projects built on Base.
Key Points:
- Coinbase’s Layer-2 blockchain Base will be available to the public on August 9.
- The Base network offers lower transaction fees and serves a wider range of customers.
- The official bridge between Base and Ethereum is already operational.
- Coinbase is hosting “Onchain Summer,” a month-long festival with onchain activities.
- The company is offering grants for projects built on Base.
Hot Take:
Coinbase’s launch of its Layer-2 blockchain Base is a significant step towards bringing more users onto the blockchain and creating an open financial system. The platform’s lower transaction fees and wider customer base make it an attractive alternative to Ethereum. The “Onchain Summer” festival and grants for projects built on Base further demonstrate Coinbase’s commitment to fostering innovation and collaboration within the crypto community.
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