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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
In recent months, the Base team has actively sought to attract leading blockchain games to its network. In addition to Pixelmon, Planet Mojo, and Atari moving to Base, NPC Labs — a startup founded by three former Coinbase employees — has secured $21 million USD to accelerate web3 gaming development on Base. With its distinctive approach of not having a native token, Base represents a significant advancement in Layer-2 solutions, addressing the fundamental challenges of the Ethereum blockchain. Its foray into web3 gaming marks an exciting development for the industry, and with the recent resurgence in blockchain gaming, it will be intriguing to see how Base compares to competitors like Immutable, Polygon, and Ronin.
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