CDS Startups Base Rocky, a Layer-2 Network, is being Launched by Coinbase
Startups

Base Rocky, a Layer-2 Network, is being Launched by Coinbase

419
Base Rocky, a Layer-2 Network, is being Launched by Coinbase

On February 23, Coinbase announced the launch of Base, a layer-2 network that was created using Ethereum. The company claims that Base will be usable by millions of new decentralized applications. As an open ecosystem for the company’s on-chain products, it will serve this purpose.

Base Rocky, a Layer-2 Network, is being Launched by Coinbase

Even though it was only made public today, a testnet for Base has been running since the beginning of the month, according to Jesse Pollak, director of engineering at the company.

“This is a bet that we can help enable the next million dapps, which are going to bring in the next billion users. We think that’s going to happen on a five- to 10-year horizon and this is our contribution to making that happen sooner rather than later. Our goal is to launch mainnet in the next few months.”

Jesse Pollak

What is Coinbase?

The first publicly traded company to build a layer-2 blockchain network on top of the Ethereum blockchain is the company. It started trading on Nasdaq in April 2021 under the COIN ticker. Following the company’s Q4 results beat, COIN’s share price rose to a high of $67.17 before ending the day Wednesday down 1% at $61.18.

The Base will be “a rollup agnostic super chain powered by Optimistic,” according to a blog post by the company that was published on Wednesday.

References

www.thenewscrypto.com

Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Phoenix AI Ecosystem Fund Launched with Contributions from JDI Group and Tensor

20 Million Dollar Phoenix AI Ecosystem Fund launched.

MicroStrategy Acquires 3,000 BTC Amid Bitcoin ETFs’ Impending Overtaking of Gold ETFs

MicroStrategy's recent Bitcoin acquisition aligns with forecasts suggesting that Bitcoin ETFs could...

USDe Developer Ethena Raises $14 Million in Strategic Investment Round

USDe developer Ethena said that with the latest funding, its valuation has...

Jupiter Crypto Exchange Unveils WEN through its Latest Token Launchpad

Jupiter Crypto exchange introduces WEN Token via new token launchpad.