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The Wallet 🎒 pfp
The Wallet 🎒
@thewallet
📝 A Comprehensive Overview of the Base Blockchain 🧵👇👇👇👇 #Ethereum holds a pivotal role in the #blockchain landscape, serving as the foundation for a vast array of #dApps and smart contracts. It has significantly contributed to the growth of #DeFi, #NFTs, and blockchain gaming, transforming them into thriving sectors. ⚠️ However, Ethereum faces certain challenges, particularly in terms of transaction speed, costs, and scalability.
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The Wallet 🎒 pfp
The Wallet 🎒
@thewallet
📍 To address these challenges, Layer-2 blockchains have emerged as crucial solutions. By offloading transactions from the main Ethereum network while still leveraging its security, these Layer-2 blockchains enhance transaction speed, reduce costs, and support high transaction volumes. One of the most promising Layer-2 solutions is @base, which is built using the OP Stack developed by Optimism. Base aims to not only resolve Ethereum’s existing issues but also to advance the network’s capabilities, positioning Ethereum as a future-ready blockchain.
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The Wallet 🎒 pfp
The Wallet 🎒
@thewallet
👉 What is Base? Base is a Layer-2 blockchain developed by @coinbase, one of the leading centralized cryptocurrency exchanges. Base prioritizes user-friendliness and, unlike many other blockchain projects, does not have its own native token. Instead, it utilizes Ethereum’s native token (ETH) for gas fees. This approach reinforces Base’s core mission and minimizes the risks of token misalignments or fraudulent schemes often associated with token offerings. Designed to be decentralized, permissionless, and accessible to all, Base leverages Optimism’s OP Stack to deliver near-zero gas fees, swift transactions, and enhanced security — all while maintaining Ethereum’s robust security features. Several major projects currently support Base, including OpenSea, Uniswap, and Galxe. Recently, Base has gained significant traction among web3 game developers, securing partnerships with several upcoming blockchain games, such as Pixelmon, Planet Mojo, and re-releases of Atari’s arcade classics.
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