Coinbase’s Layer 2 Network Leverages Optimism’s Technology Stack. Early Builders Will Be Eligible To Claim Non-transferable NFTs<\/p>\n
Base, the hotly anticipated Layer 2 network from Coinbase, the leading US centralized exchange, opened its doors to developers on July 12.<\/p>\n
Builders can now begin tinkering with their code on Base ahead of a public launch slated for early August. Several tools are already live on its network to support builders, including node providers, wallet infrastructure, block explorers, and developer tooling.<\/p>\n
\u201cWe believe that builders on Base will create the next generation of products that bring one billion users on-chain,\u201d Base said<\/a>,<\/p>\n Base said some of the novel projects building on the network included Blackbird, a restaurant loyalty platform, OAK, a community token for Oakland residents, and Parallel, an NFT trading card game.<\/p>\n The launch comes as competition to scale Ethereum is heating up, with Arbitrum<\/a>, optimism<\/a>, zksync<\/a>, Polygon<\/a>and Consensus<\/a> all shipping cutting-edge scaling solutions in recent months.<\/p>\n Base is a Layer 2 network built on top of Optimism’s O.P Stack<\/a>, a modular open-source framework allowing developers to deploy customized Layer 2s. In the future, Optimism hopes to establish a unified multi-chain ecosystem of L2s leveraging the OP Stack called the super chain<\/a>,<\/p>\n Base said the staged mainnet rollout comes after the completion of its prelaunch goals, including auditing the OP Stack and Base codebases, launching educational content for builders and users, load-testing network infrastructure, and demonstrating testnet stability.<\/p>\n \u201cWe worked closely with Optimism to learn from their experience bringing Optimism to mainnet, including a thorough infrastructure review,\u201d Base said. ,[OP Stack\u2019s] The release on June 6 gave us confidence in\u2026 the underlying OP Stack platform with reduced transaction fees, shorter deposit times, improved proof modularity, and enhanced node performance.\u201d<\/p>\n While there is currently no bridge user interface for Base, developers can transfer ETH to cover gas fees using its portal proxy. contracts<\/a>, Base urged users not to transfer any asset other than ETH using the contract.<\/p>\nO.P Stack<\/h2>\n