Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization? Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily active users as of…
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The major US-based crypto exchange Coinbase has announced the launch of its own layer 2 blockchain for Ethereum (ETH) called Base. Base brands itself as a “secure, low-cost, developer-friendly” way to build decentralized applications (dApps), and will serve as a home both for Coinbase’s own on-chain products and as an open ecosystem for developers…. Read…
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One Ethereum bull hopes the launch will help onboard a host of other crypto companies and financial institutions onto Ethereum. The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. Secured…
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The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) 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 L2 Scaling Platform Aims to Help Scale the Crypto Economy…
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