Coinbase enlisted the assistance of Optimism in the development of their Layer-2 Basic Solution
Key Points: The open source code of OP Stack is a toolkit that facilitates the building of superchains. It was originally presented by Optimism. This code will be used to build Coinbase’s Base.
It was decided that Optimism’s Treasury would receive a portion of the Base transaction fees.
After much speculation, Coinbase has finally revealed details about a new product they call Base. Base is an Ethereum Layer-2 solution. A blog post entitled “Base” was published by Coinbase on their Twitter page. Base is a Layer-2 solution for Ethereum that was created using the technology of optimism. We are delighted to finally be able present you to Base. Base is a Layer-2 solution on Ethereum that was designed using the technology of optimism. We are thrilled to finally be able to present you with Base. It is important that Coinbase’s Base is built on top of OP Stack’s open source code. This is a toolkit that facilitates the creation of superchains. Optimism’s Treasury also gets a portion from transaction fees charged on Base. Coinbase claims that Layer-2 is the on-chain home for the exchange. The network will also be decentralized. Ethereum will be used to pay for gas prices that are associated with activities within the ecosystem. Coinbase stated that they do not plan to release a separate cryptocurrency for the new solution. Ethereum will be used to pay for gas prices associated with activities within the ecosystem. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: CoinbaseLayer 2optimism