Optimism: Base will become a member of the OP multi-chain L2 platform, and part of the revenue will be included in the OP national treasury

It is reported that Optimism issued an announcement saying that due to the current dispersed users and ecology of L2, Optimism will be upgraded and OP will be upgraded to a multi-chain L2 platform based on OP Stack. In the cooperation with Coinbase for Base, Coinbase is not only the core developer of the OP Stack code base, but also a new L2 blockchain based on the OP Stack.

Interpretation of this information:

The recent development in the blockchain world is quite interesting as Optimism has reported that it will upgrade its platform. The upgrade will be geared towards creating a multi-chain L2 platform based on OP Stack. This decision was taken due to the current dispersed users and ecology of L2, which necessitated the need for an upgrade.

In addition, Coinbase, one of the leading cryptocurrency exchanges, has been selected to join forces with Optimism to create a new L2 blockchain based on the OP Stack. Coinbase is selected not just as a partner but also as the core developer of the OP Stack code base.

The upgrade being made by Optimism means that users will be able to enjoy better performance outcomes while using the platform. It will improve the scalability of the blockchain, settling transactions faster, and creating more opportunities for developers to build their projects. A multi-chain L2 platform addresses a major challenge encountered on L1 platforms because users can only perform one transaction at a time. With a multi-chain L2 platform, users can perform multiple transactions simultaneously without any delays.

On the OP Stack, Coinbase will be responsible for contributing new and innovative ideas to help improve the platform. They will also provide solutions to technical issues encountered by developers, ensuring that they can build their projects seamlessly. This new development is crucial since Coinbase has a reputation for being one of the best cryptocurrency exchanges in the industry with a track record of providing excellent services to its customers.

In summary, Optimism will undergo an upgrade to make its platform a multi-chain L2 platform based on OP Stack. This upgrade is targeted towards providing users with a better performance experience and creating more opportunities for developers to build their projects. Coinbase has been selected as the core developer of OP Stack and will also spearhead the creation of a new L2 blockchain based on the platform.