{"id":44765,"date":"2023-02-23T15:48:52","date_gmt":"2023-02-23T15:48:52","guid":{"rendered":"http:\/\/egrowonline.com\/?p=44765"},"modified":"2023-02-23T15:48:52","modified_gmt":"2023-02-23T15:48:52","slug":"coinbase-launches-its-own-layer-2-network-for-building-decentralized-apps","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=44765","title":{"rendered":"Coinbase launches its own layer-2 network for building decentralized apps"},"content":{"rendered":"


\n
<\/p>\n

\n

On Feb 23, crypto exchange Coinbase announced<\/a> the launch of Base \u2014 an Ethereum layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain.<\/p>\n

According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering access to other L1 ecosystems like Solana and making it interoperable with other chains. It will also provide access to Coinbase\u2019s products, users and tools as well as easy fiat on-ramps and powerful acquisition tools. The company said it has no plans to issue a new network token.<\/p>\n

\n

1\/ We\u2019re excited to announce @BuildOnBase<\/a>.<\/p>\n

Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. <\/p>\n

Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy. pic.twitter.com\/RmwZFJzGGs<\/a><\/p>\n

\u2014 Coinbase (@coinbase) February 23, 2023<\/a><\/p><\/blockquote>\n

Base will be built on the \u201cOP Stack\u201d used by Optimism. It will start off highly centralized, though Coinbase has released<\/a> a detailed plan regarding how the network will decentralize over time.<\/p>\n

In its announcement, Coinbase said that Base will be \u201cfully open source and freely available.\u201d The company said it is joining the OP Stack core dev team to \u201censure it\u2019s a public good available to everyone.\u201d<\/p>\n

According to the announcement, Coinbase will continue to integrate as an exchange with other networks, and Base itself will be \u201ca bridge, not an island.\u201d Coinbase intends Base to be an easy-to-use network for its customers to get familiar with using crypto, but it will encourage users to \u201cstart on Base, but go everywhere.\u201d<\/p>\n

In its decentralization plan, Coinbase said that it is working with Op Labs and the Optimism Collective to decentralize the Optimism ecosystem by creating a \u201cSuperchain\u201d of connecting networks built on the OP Stack. The company judges that the current version of Optimism is a \u201cStage 0 rollup,\u201d citing Vitalik Buterin\u2019s post on the decentralization of rollups. By the end of 2023, Coinbase said it plans to have progressed Base to \u201cStage 1.\u201d<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On Feb 23, crypto exchange Coinbase announced the launch of Base \u2014 an Ethereum layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain. According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering […]<\/p>\n","protected":false},"author":1,"featured_media":44766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[3057,479,315,2220,288,684,175],"class_list":["post-44765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-apps","tag-building","tag-coinbase","tag-decentralized","tag-launches","tag-layer2","tag-network"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/02\/0b44f49c-948a-4868-90ca-2dc97366e3ad.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/44765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44765"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/44765\/revisions"}],"predecessor-version":[{"id":44767,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/44765\/revisions\/44767"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/44766"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44765"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}