Coinbase blockchain opens doors for developers

Coinbase is one of the largest global players when it comes to buying and trading bitcoin. The major American listed crypto exchange also announced its own blockchain earlier this year. The last phase before the public launch of the network has now been reached and the doors have been opened to all developers.

base blockchain

In February, Coinbase announced the arrival of its own network called ‘Base’. To refresh your memory: Base is a layer-2 network on top of Ethereum (ETH) built using the OP Stack, a toolkit for the Optimism (OP) network.

The scaling network should provide developers with a secure, cheap and easy way to build decentralized apps (dApps). In terms of ambitions, it is therefore making great strides: the ultimate goal is to attract more than one billion users to the crypto world. Coinbase will additionally be on chain base products on the new Ethereum layer.

February also saw the opening of the testnet to developers in what can be seen as the first phase of the network’s large-scale launch.

Final phase before public launch

The team behind Base now has a blog disclosed that the doors of it mainnet be open to developers. It also highlighted the latest performance and ensured that the network met all necessary criteria, such as demonstrating testnet stability, Optimism’s successful ‘Bedrock’ upgrade and completion of internal and external audits.

There will also be a so-called Genesis Builder non-fungible token (NFT) will be released to commemorate those who entered the ecosystem from the beginning. In the blog post it was repeated for clarification that there are no intentions to launch their own token.

Read Also:  World First: Dutch carbon crypto company breaks open the billion-dollar market

The doors to the network will be fully open at the beginning of August. Then the public launch will take place:

“And we’re asking everyone not to make their user-facing dApps public until early August, when we open Base to the world together.”

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here