New Ethereum L2, incubated by Coinbase and built on the open-source Op Stack. Launching on the 9th of August 2023
A project led by Brian Amstrong, founder of Coinbase and crypto industry leader.
Why Building Base?
Coinbase aims to move the world towards having as many useful blockchain-based applications as we have now like Amazon, FB, Uber, and YouTube. With Base, Coinbase wants to create a platform where developers can build customized blockchain solutions and integrate them with Coinbase's existing product suite to a larger user base.
Why Base is important?
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Bullish for Ethereum. Reinforce its position as a leading blockchain.
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"bridge". Interoperable with other chains and ecosystems.
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Huge step forward for layer 2. 2nd major chain built using the Op stack.
Strenghts
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Empowered by Coinbase
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Open ecosystem, for everyone
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Bring a huge number of users (CoinBase has 100M verified users). Aiming 1B+ onboarding.
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Inherits Ethereum’s security properties
-Gas fees less <$0.01 paid in Eth
Weakness
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No native token. Alert for scams
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Unknown clear roadmap. Many DApps have expressed interest in deploying in Base (picture) Show Less
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