{"id":348929,"date":"2023-08-10T00:00:16","date_gmt":"2023-08-09T23:00:16","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=348929"},"modified":"2023-08-09T20:24:27","modified_gmt":"2023-08-09T19:24:27","slug":"coinbases-ethereum-layer-2-chain-base-is-live-to-the-public","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbases-ethereum-layer-2-chain-base-is-live-to-the-public\/","title":{"rendered":"Coinbase&#8217;s Ethereum layer-2 chain Base is live to the public"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-rpzql-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-rpzql-1n7m0yu\">\n<div class=\"flex flex-col text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-token-text-primary border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"flex p-4 gap-4 text-base md:gap-6 md:max-w-2xl lg:max-w-[38rem] xl:max-w-3xl md:py-6 lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-3 overflow-x-auto whitespace-pre-wrap break-words\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p><a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a>, a leading U.S. crypto exchange, officially launched Base, its Ethereum layer 2 network, to the general public on August 9, 2023.<\/p>\n<p>The Base testnet launched in February, followed by a developer-specific release in July. Built on Optimism's software stack known as the OP Stack, Base operates as a rollup network, a scaling solution that processes transactions off the main Ethereum (<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>) blockchain, providing a more efficient and affordable network for decentralized applications (dApps).<\/p>\n<h2>Betting on Base<\/h2>\n<p>Since its inception, Base has integrated with a wide array of crypto projects, including DeFi protocols, wallets, bridges, oracles, analytics, and infrastructure providers.<\/p>\n<p>Unlike other layer-2 networks like Arbitrum and Optimism, Coinbase has confirmed that it has no plans to introduce any native tokens to Base. Pollak insisted that tokens &#8220;distort&#8221; what is being done on a network, something Coinbase would rather avoid in favor of focusing on incubating developers.<\/p>\n<p>The launch of Base aligns with Coinbase CEO Brian Armstrong's vision for the fourth phase of the company's development, aimed at mass adoption through decentralized apps. The new network is anticipated to become the default network for Coinbase's on-chain products.<\/p>\n<p>In connection with the Base launch, Coinbase announced plans for corporate partnerships, including with Coca-Cola, to showcase the new project's capabilities, and it emphasizes integration into daily life rather than mere speculation.<\/p>\n<p>The launch of Base represents a significant step forward in the evolution of blockchain technology, opening new opportunities for developers, users, and the broader crypto ecosystem.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\">\n<div class=\"flex gap-1\">\n<p>Coinciding with Base\u2019s public mainnet rollout, Coinbase has initiated an event named \u201cOnchain Summer.\u201d Spanning several weeks, this event emphasizes promoting Base\u2019s mainnet partner dApps in the areas of digital art, music, and gaming. Notably, users will have the option to mint a unique \u201cBase, Day One\u201d NFT in celebration of the Base mainnet\u2019s opening.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase, a leading U.S. crypto exchange, officially launched Base, its Ethereum layer 2 network, to the general public on August 9, 2023. The Base testnet launched in February, followed by a developer-specific release in July. Built on Optimism&#8217;s software stack known as the OP Stack, Base operates as a rollup network, a scaling solution that [&hellip;]<\/p>\n","protected":false},"author":1419,"featured_media":346290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,77968,37],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase&#039;s Ethereum layer-2 chain Base is live to the public<\/title>\n<meta name=\"description\" content=\"Coinbase has hyped its new Ethereum layer-2 blockchain as a path to mass adoption through widely-available dApps.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbases-ethereum-layer-2-chain-base-is-live-to-the-public\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase&#039;s Ethereum layer-2 chain Base is live to the public\" \/>\n<meta property=\"og:description\" content=\"Coinbase has hyped its new Ethereum layer-2 blockchain as a path to mass adoption through widely-available dApps.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/coinbases-ethereum-layer-2-chain-base-is-live-to-the-public\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-09T23:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T19:24:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/07\/base.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jacob Oliver\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jacob Oliver\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/coinbases-ethereum-layer-2-chain-base-is-live-to-the-public\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbases-ethereum-layer-2-chain-base-is-live-to-the-public\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jacob-oliver\/#person\",\"name\":\"Jacob Oliver\",\"url\":\"https:\/\/cryptoslate.com\/author\/jacob-oliver\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/jacob-oliver\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jacob-oliver\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/jacob-oliver-editor-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/jacob-oliver-editor-300x300.jpg\",\"caption\":\"Jacob Oliver\"},\"jobTitle\":\"Former Editor\",\"description\":\"Jacob Oliver is a recovering academic and English teacher turned crypto journalist and web3 writer. 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