Coinbase Launch its Own Blockchain Network - "Base"

Coinbase launched a new Ethereum Layer 2 (L2) solution called "Base"

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Base aims to provide a secure, low-cost, and developer-friendly platform for building decentralized applications (dApps).

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Base is powered by Optimism and secured on Ethereum, leveraging Coinbase's expertise in the crypto industry

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The platform does not require a new network token, as it uses ETH as its native gas token.

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The move has been described as a "massive vote of confidence" and a "watershed moment" for Ethereum by members of the crypto community.

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