Coinbase has officially launched Base, a new Ethereum Layer-2 network designed to enhance scalability and reduce transaction costs while maintaining the security of the Ethereum mainnet. Built on Optimism’s OP Stack, Base aims to serve as the foundational infrastructure for Coinbase’s on-chain products and an open ecosystem for decentralized applications (dApps). The network is engineered to support the next wave of users entering the cryptocurrency space, with an ambitious goal of onboarding billions to the decentralized web.
Base emphasizes interoperability, allowing seamless integration with other Ethereum Layer-2 solutions and the broader Ethereum ecosystem. It offers developers a secure, low-cost environment to build and deploy dApps, fostering innovation and accessibility. By leveraging Ethereum’s robust security model, Base ensures that users and developers can operate with confidence.
Coinbase’s strategic move into Layer-2 development underscores its commitment to advancing blockchain technology and expanding its ecosystem. Base is positioned to drive mainstream adoption by simplifying user experiences and reducing barriers to entry. As the network grows, it is expected to play a pivotal role in the evolution of decentralized finance (DeFi), non-fungible tokens (NFTs), and other emerging Web3 applications.
