Blockfrens
@blockfrens
Coinbase, the popular cryptocurrency exchange, recently announced the launch of Base, an Ethereum Layer 2 (L2) network designed to offer a low-cost, secure, and developer-friendly platform for building decentralized applications (dApps) on-chain. 🧵 https://i.imgur.com/MI4u5sP.jpg
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Blockfrens
@blockfrens
Coinbase made clear via the announcement and in their Twitter bio that they have no plans to issue a new network token. Gas fees will be paid in the native $ETH token, unlike many layer-2 scaling solutions. 🧵
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