Coinbase launches its own layer-2 network for building decentralized apps By Cointelegraph
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On Feb 23, crypto exchange Coinbase (NASDAQ:) announced the launch of Base — an layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain.
According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering access to other L1 ecosystems like and making it interoperable with other chains. It will also provide access to Coinbase’s products, users and tools as well as easy fiat on-ramps and powerful acquisition tools. The company said it has no plans to issue a new network token.
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On Feb 23, crypto exchange Coinbase (NASDAQ:) announced the launch of Base — an layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain.
According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering access to other L1 ecosystems like and making it interoperable with other chains. It will also provide access to Coinbase’s products, users and tools as well as easy fiat on-ramps and powerful acquisition tools. The company said it has no plans to issue a new network token.
Continue Reading on Coin Telegraph
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