Base: The Ethereum Layer 2 Blockchain by Coinbase

Intermediate

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.

What Is Base?

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 (DApps) that work with the Coinbase ecosystem.

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