purplearc.base.eth pfp
purplearc.base.eth
@purplearc
I will try to explain in this thread, in a simple way, what @base is, why this chain is already a success, and why the future is even more promising ✏️
1 reply
0 recast
0 reaction

purplearc.base.eth pfp
purplearc.base.eth
@purplearc
1. What is Base ? Base is a Layer 2 scaling solution on Ethereum, launched by Coinbase in August 2023. Built on Optimism’s OP Stack, it uses Optimistic Rollups to process transactions off-chain, slashing fees and boosting speed while leveraging Ethereum’s security
1 reply
0 recast
0 reaction

purplearc.base.eth pfp
purplearc.base.eth
@purplearc
2. Base’s mission? 🎯 Democratize blockchain access. Coinbase aims to onboard 1B users to Web3, and Base is key. With fees often < 1 cent (vs. $1+ on Ethereum L1), it’s a game-changer. Current stats: ~$12B TVL, 11M+ monthly active users, and 8.8M tx/day, outpacing many L2s 👀
1 reply
0 recast
0 reaction

purplearc.base.eth pfp
purplearc.base.eth
@purplearc
3. How does it work? Base batches transactions off-chain via Optimistic Rollups, assuming they’re valid (hence "optimistic"). It submits compressed data to Ethereum L1 for final settlement. Fraud proofs ensure integrity, with a 7-day challenge period. Throughput? ~67% of all L2s (actually 30 Mgas/s) It's strong !
1 reply
0 recast
0 reaction