Coinbase Launches Ethereum Layer-2 Bridge, Mainnet Set for Rollout on Specified Date
Coinbase, the leading US-based cryptocurrency exchange, has announced the launch of “Base,” a bridge for its Ethereum layer-2 scaling solution. Which is powered by Optimism (OP).
Set to go live on August 9th. The mainnet aims to enhance Ethereum’s scalability and efficiency. To celebrate the launch, Base is hosting the first-ever on-chain summer festival, collaborating with 50 top builders, artists, and brands to showcase emerging on-chain culture throughout August. To access the layer-2 scaling solution. Users can utilize the project’s official website. Take a quiz on Coinbase or the Coinbase wallet app, or use various web3 protocols to mint a non-fungible token (NFT). Base previously opened its mainnet to developers and completed rigorous security audits. Paving the way for its imminent launch.
Coinbase’s goal with Base is to usher in a new era of on-chain experiences and onboard over a billion users into the cryptoeconomy. Although there are no plans for a network token associated with Base. The platform aims to serve as a home for Coinbase’s on-chain products and an open ecosystem for anyone to build.
Clever Robot News Desk 4th August 2023
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