Base

Base is a Layer 2 scaling protocol built on Ethereum. It is being developed by Coinbase, a major cryptocurrency exchange, and aims to create a secure, scalable, and efficient platform for cryptocurrency transactions.

Key goals of Base include:

Increasing transaction speed and efficiency: Base utilizes techniques like Optimistic Rollups to process transactions faster and cheaper than Ethereum mainnet.
Reducing transaction fees: Base transaction fees are significantly lower than Ethereum mainnet fees, making it a more attractive option for users.
Ethereum compatibility: Base is designed to be compatible with the Ethereum ecosystem, meaning users can easily access existing dApps and tools on Base.
Focus on scalability: Base is architected to handle high transaction volume without compromising performance.
Benefits of using Base: