Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Coinbase Launches Ethereum Layer 2 Network Base Powered by Optimism

Published 02/23/2023, 09:30 PM
Coinbase Launches Ethereum Layer 2 Network Base Powered by Optimism
ETH/USD
-
COIN
-

  • Base is a fork of Optimism, one of the most active Ethereum layer 2 blockchains.
  • Coinbase (NASDAQ:COIN) said it had thought about launching its own chain twice in the past but decided not to do it.
  • Base will not have a token of its own.
Coinbase, one of the largest centralized cryptocurrency exchanges in the world, has surprised the market with a new product launch on Thursday.

Coinbase introduced Base, an Ethereum layer 2 network powered by Optimism, one of the most popular layer 2 blockchains. The new Coinbase product is open source but is still somewhat centralized, though Coinbase said Base will be decentralized progressively.

Coinbase stressed that Base will not have a token of its own.

https://twitter.com/brian_armstrong/status/1628793462786228226?s=20

Continue Reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.