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Coinbase Unveils Ethereum L2 Scaling Solution Dubbed Base with No Network Token
Coinbase Global Inc (NASDAQ: COIN) has announced a low-cost, developer-friendly Ethereum layer-2 (L2) scaling solution dubbed Base. According to the cryptocurrency exchange, the Ethereum layer-2 scaling solution will first come in a testnet mode, with developers welcome to begin building on top of the network before the mainnet launch. Coinbase has noted that the Base layer-2 network will not have a token for fees and governance purposes, and there are no plans to issue any.
Coinbase Ethereum L2 Scaling Solution
As a starter pack, Coinbase has announced that all its on-chain products will be routed to the Base network. Moreover, the Base layer-2 network will tap on Optimism as a core developer backed by its decade of experience in blockchain technology.
“Base aims to be decentralized, permissionless, and open to anyone with the vision of creating a standard, modular, rollup agnostic Superchain
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