Base

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.