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Coinbase Base

Product
Developers: Coinbase
Date of the premiere of the system: February 2023
Branches: Information Technology

2023: Tool Release

On February 23, 2023, the cryptocurrency exchange Coinbase announced the launch of the free Base platform, the Ethereum Layer 2 (L2) network, which offers a safe and convenient way to create decentralized applications.

The goal of the Base blockchain is to provide developers with an effective tool with which they can design new products and integrate them into the Coinbase ecosystem. It is noted that when deploying the platform, Coinbase used its ten-year experience in creating crypto products. Over time, Base will be decentralized; There are no plans to release a new network token.

Coinbase releases free Coinbase Base blockchain app development tool

Base provides the security and scalability required to run decentralized applications. The platform uses basic Ethereum protection, supplemented by Coinbase tools. A number of crypto companies, marketplaces and infrastructure firms have already announced their intention to use Base. В их число входят Blockdaemon, Chainlink, Etherscan, Quicknode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole, Gelato и другие.

The Base platform operates in test mode, and its full launch will take place in the second quarter of 2023. In the future, Base will be a bridge that will connect different ecosystems.

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To attract billions of users to the crypto economy, decentralized applications must be simpler, cheaper and safer. For this to happen, we need to make it easier to create such solutions. We see this toolkit as an open platform into which everyone can contribute, branch and expand it to help scale the crypto economy, Coinbase notes.[1][2]
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Notes

  1. [1] Introducing Base Coinbase Base
  2. [2]