The network, known arsenic Base, is designed to beryllium a low-cost, secure, and developer-friendly situation that Coinbase said volition service arsenic a span to bring users into the crypto economy.
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On Feb 23, crypto speech Coinbase announced the motorboat of Base — an Ethereum Layer 2 (L2) network. The institution claimed this caller web volition connection a low-cost, secure, and developer-friendly situation for gathering decentralized apps (dApps) connected the blockchain.
According to Coinbase, Base is designed to beryllium a span for users into the crypto economy, offering entree to different L1 ecosystems similar Solana and making it interoperable with different chains. It volition besides supply entree to Coinbase's products, users, and tools, arsenic good arsenic casual fiat onramps and almighty acquisition tools. The institution plans to progressively decentralize the concatenation implicit time, and has nary plans to contented a caller web token.
This is simply a processing story, and volition beryllium updated arsenic much accusation becomes available