Coinbase Launch its Own Blockchain Network - "Base"
Coinbase launched a new Ethereum Layer 2 (L2) solution called "Base"
Base aims to provide a secure, low-cost, and developer-friendly platform for building decentralized applications (dApps).
Base is powered by Optimism and secured on Ethereum, leveraging Coinbase's expertise in the crypto industry
The platform does not require a new network token, as it uses ETH as its native gas token.
The move has been described as a "massive vote of confidence" and a "watershed moment" for Ethereum by members of the crypto community.