Coinbase Unveils “Base” to Aid Ethereum dApp Building
- Coinbase unveils its L2 Network for the development of decentralized applications.
- The business declares that it has no intentions to release a fresh network token.
- Base will be freely accessible according to the statements.
On February 23, the launching of Base, an Ethereum layer-2 network, was announced by cryptocurrency exchange Coinbase. According to the business, this network will provide a secure, affordable environment that is friendly to developers for creating decentralized applications (dApps) on the blockchain.
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— Coinbase (@coinbase) February 23, 2023We’re excited to announce @BuildOnBase.
Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps.
Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy. pic.twitter.com/RmwZFJzGGs
However, Base is designed to act as a user’s entry point into the cryptocurrency market, according to Coinbase. This will enable interoperability with other chains and grant access to L1 networks like Solana.
The update mentions that quick fiat on-ramps, essential acquisition tools, and access to Co…
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