Coinbase Releases ETH L2 Network Base for Web3
It is reported that Coinbase has released the Ethereum L2 network base, which is a safe, low-cost and developer friendly Ethereum L2, aiming to introduce the n…
It is reported that Coinbase has released the Ethereum L2 network base, which is a safe, low-cost and developer friendly Ethereum L2, aiming to introduce the next generation of 1 billion users for Web3. Base will be positioned as the product home on the chain of Coinbase, and also an open ecosystem that anyone can build. At present, the Base test network has been launched, and the main network will be released later.
Coinbase releases Ethereum L2 network base
Interpretation of the news:
Coinbase, one of the world’s leading cryptocurrency exchange platforms, has announced the release of Ethereum L2 network base. According to reports, the Ethereum L2 network base is a secure and low-cost L2 solution that will make it easier for developers to build decentralized applications for Web3. The platform is specifically designed to introduce the next generation of one billion users to the world of crypto.
The launch of the Ethereum L2 network base is an important move for Coinbase, as it moves the company closer to achieving its goal of making blockchain technology accessible to everyone. The platform serves as the home for Coinbase’s products, while allowing developers to build their own applications in an open ecosystem.
The Ethereum L2 network base is expected to offer several benefits to developers, including low transaction fees, high scalability, and faster transaction times. By providing a secure and efficient platform, Coinbase hopes to attract a new wave of users who are interested in building decentralized finance applications and other innovative Web3 solutions.
Coinbase has already launched the test network for the Ethereum L2 network base, and the main network is expected to be released soon. The launch of the main network will mark an important milestone for Coinbase and the wider blockchain community, as it will enable developers to start building decentralized applications that can scale to millions of users.
In summary, the launch of Ethereum L2 network base by Coinbase is a significant step forward for the adoption of blockchain technology. The platform is designed to be developer-friendly, scalable, and cost-efficient, making it easier for developers to build innovative applications on the blockchain. The release of the main network is highly anticipated and is expected to draw a new wave of users into the Web3 ecosystem.
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