Coinbase, the second-largest crypto exchange platform by trading volume, has unveiled “Base,” an Ethereum-focused layer-2 (L2) blockchain that could change the game for the entire crypto industry. Base aims to make it easier for developers to build decentralized applications (dApps) and for users to access those dApps through Coinbase products.
By simplifying the process of developing and accessing dApps, Coinbase hopes to bring about phase 4 of its master plan: to bring a billion users into the crypto economy. Base is built on the MIT-licensed OP Stack in collaboration with the layer-2 blockchain Optimism, which is also focused on the Ethereum chain.
What’s even more exciting is that a number of crypto businesses, platforms, marketplaces, and infrastructure firms have committed to building on Base. These include Blockdaemon, Chainlink, Etherscan, Quicknode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole, and Gelato.
The launch of Base could have a significant impact on the future of crypto by bringing more people into the crypto economy and making it easier for developers to build useful decentralized applications. With the support of various crypto businesses and platforms, the potential of Base is enormous.