Base: The Ethereum Layer 2 Blockchain by Coinbase
Intermediate
Blockchain
Aug 11, 2023
9 min read
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Detailed Summary
Recently, the popular trading platform Coinbase has begun to focus on offering other goods and services to its users. Base is one of Coinbase's newest web3 products, a blockchain ecosystem that could potentially attract a lot of developers. If you're interested in learning why Base is so exciting, explore this guide to learn how it works and what features it provides.
Key Takeaways:
- Base is a Layer 2 network that operates on the Ethereum blockchain. It promises to provide developers with an affordable, easy way to build decentralized apps that work with the Coinbase ecosystem.
- The mainnet for Base officially launched to the public on Aug 9, 2023.
- According to Coinbase, the company does not currently plan to issue a new network token for Base.