Les Greys
@les
My quick take on why Base by Coinbase might actually be the thing! iirc, they have their own scaled version of an orderbook for eth, allowing for txn to be onchain, but optimized to reduce gas fees, they can better compress the margin and offer a more affordable building platform. if yes, brilliant!
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John Suh
@suh
But why not just create their own chain on Cosmos?
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Les Greys
@les
idk. my guess would be that eth is a more scaled L1 with a better liquid market than cosmos, they want to be directly plugged to eth network without a middle man, or just their belief of eth network over others. all guesses from my side.
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Sheldon Trotman
@sheldon
From what @jessepollak said in an interview they don’t want to be like Binance off in their own part of the crypto ecosystem. They want to be more plugged into Ethereum and act as the “gateway to crypto”. Also on Cosmos they would need their own security model. As a L2, Base gets the settlement guarantees of Ethereum
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