Yup_io has prepared a significant breakthrough, the launch on Base, a cutting-edge Ethereum layer 2 scalability solution.
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Although Base has begun to be developed within Coinbase, which represents a clear centralization, the plans for this technology are aimed at completely decentralized governance.
Base is based on Optimism's OP Stack, which is open source to be accessible to all developers.
Base offers interoperability with other chains and layer 2 apps.
Base is backed by Ethereum, providing security and protection that other blockchains do not provide.
To celebrate the launch of this project, one NFT, "Base, introduced", was offered for free for each wallet address, on the Zora NFT platform.
To ensure that this development of DApps is carried out as stipulated, the decision was made to create its own Layer 2, Base platform.
The chosen blockchain was still Ethereum, selecting its two layers according to developments.
Coinbase did a thorough job making a number of decisions about how to develop DApps.
A fundamental piece to achieve this desired advance are the developers, those who work every day to create new applications.
Since 2016, Coinbase participated, together with Circle, in the creation of the USDC stablecoin, launched its own wallet, Coinbase wallet, and developed a utility token cbETH.
Although they give their customers access to crypto products, they are not natively built as DApps on the cryptocurrency-enabled onchain platform.
Currently, many of Coinbase's products are not written as smart contracts and primarily leverage application infrastructure used by other web2 companies.
A few years ago, Coinbase established a roadmap that would allow more than one billion users to be incorporated into the decentralized economy ecosystem.
It is important to know that they have not launched, nor do they have plans at the moment, any special native Base token, the crypto asset used is ETH.
Initially, its testnet called Base Goerli was launched. To develop this project Coinbase has collaborated with OP Labs and Optimise Collective, developing a robust Web3 system based on the Ethereum blockchain. On July 13, 2023, its mainnet was launched, initially for builders
Coinbase launched Base, a layer 2 network on Ethereum that promises to become an indispensable element for developers looking to build their DApps in an efficient, fast and secure way.
Coinbase, in its work to facilitate the path for developers, has created Base, a red layer 2 to make the development of DApps simpler and more secure.
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