Reviewing the Progress of Coinbase’s Ethereum Two-Layer Network: Base #

According to reports, the Ethereum two-layer network Base launched by Coinbase has published a blog article reviewing the progress made since its launch a month ago. Base stated that it will play a role of bridge rather than island to promote cooperation with the community, making Base deeply interconnected with the wider ecosystem. In addition, Base also revealed that it will be introduced into the main network in the coming months.

Coinbase Ethereum L2 Network Base: Introduce the main network in the next few months

Since its launch a month ago, Coinbase’s Ethereum two-layer network Base has been making waves in the cryptocurrency world. Recently, Base published a blog article reviewing the progress they have made since the launch.

What is Coinbase’s Ethereum Two-Layer Network: Base? ##

Before diving into the progress Base has made in the last month, it’s important to understand what it is. Base is a two-layer network built on Ethereum that allows for fast, low-cost, and secure transfers of assets both on and off-chain. As a result, Base provides a more efficient and scalable platform for decentralized applications (dApps) and cryptocurrency exchanges.

The Progress of Base So Far ##

Since its launch in August 2021, Base has been focused on building relationships with other projects in the crypto space. According to the blog article, Base wants to be a “bridge” instead of an “island,” emphasizing the importance of collaboration and cooperation within the wider ecosystem.
In the past month, Base has established partnerships with several key players in the crypto space, including Polygon, Binance, and Gelato Network. These partnerships will allow Base to expand its reach and provide users with more options for fast and secure transfers between different networks.
Additionally, Base has been working on improving its user experience by eliminating transaction delays and reducing gas fees. The blog article revealed that Base has successfully reduced its gas fees by 50%, making it more affordable for users to utilize the platform.

The Future of Base ##

The blog article concluded with a promising update on the future of Base. Over the next few months, Base will be introduced into the main network, allowing for seamless integration with other Ethereum-based platforms. This move will increase Base’s visibility and accessibility to more users, making it a more valuable asset in the cryptocurrency space.

Conclusion ##

Overall, Coinbase’s Ethereum two-layer network Base has made significant progress since its launch a month ago. Base’s focus on collaboration and cooperation within the ecosystem has resulted in several partnerships and improved user experience. With plans to be introduced into the main network in the coming months, Base is positioned to become a valuable asset for users and developers in the cryptocurrency space.

FAQs ##

1. What is Coinbase’s Ethereum two-layer network Base?
– Base is a two-layer network built on Ethereum that allows for fast, low-cost, and secure transfers of assets both on and off-chain.
2. What progress has Base made since its launch?
– Base has established partnerships with several key players in the crypto space, including Polygon, Binance, and Gelato Network. Additionally, Base has been working on improving its user experience by eliminating transaction delays and reducing gas fees.
3. What is the future of Base?
– Over the next few months, Base will be introduced into the main network, allowing for seamless integration with other Ethereum-based platforms.