Voronin Anton šµ
@voroninex
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Let's dive into the fascinating world of Base, the Layer 2 blockchain built on Ethereum, launched on August 9, 2023, by the renowned American cryptocurrency exchange, Coinbase.
Base represents a significant milestone in the crypto community as it is the first blockchain launched by a publicly traded company. Developed in partnership with Ethereum's Layer 2 solution, Optimism, Base operates on the OP stack, an open-source, standardized stack for developers. This collaboration enables developers to create decentralized applications (DApps) with seamless access to Coinbase's ecosystem, boasting over 110 million verified users and managing assets exceeding $80 billion.
The concept behind Base revolves around creating a "superchain" leveraging Optimism's protocol, supported by a vibrant community of developers. Notably, the founders of Base have publicly stated they currently have no plans to issue a new network token for Base, cautioning users against fraudulent attempts offering counterfeit Base tokens. 0 reply
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On August 9, Coinbase, the second-largest cryptocurrency exchange, launched its own platform for cryptocurrency application developers. The company is expanding beyond its core trading operations, aiming to increase revenue through ecosystem projects.
Named Base, the platform represents a so-called second-layer blockchain (L2), designed for developing financial and trading applications, trading on decentralized exchanges (DEX), deploying credit services, and issuing tokens (including NFTs).
If developers create popular applications on Base, Coinbase will earn a commission on each transaction involving the network. However, Coinbase's CFO, Alesia Haas, noted to The Wall Street Journal that it may take years before Base generates significant revenue for the company. 0 reply
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