The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network.
The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time.Coinbase is joining the competition of Ethereum L2 scaling projects, such as Polygon, Arbitrum, Optimism, Loopring, Starknet, and others, by launching an L2 called Base.
Coinbase detailed on Thursday that the team building Base has been working with OP Labs and the Optimism Collective.
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