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Home CryptoCurrency

Coinbase’s L2 Network Opens Mainnet to Base Builders

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July 14, 2023
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The team behind Base — an Ethereum Layer 2 chain built on the OP stack in collaboration with Optimism — said its mainnet is available for builders to deploy their products.

The entity will issue a “Genesis Builder” NFT to commemorate those who entered the ecosystem from its inception. However, it has no intention of issuing network tokens.

latest move

Base announced Its testnet launched in February, allowing it to “connect with incredible builders and watch their projects flourish” on the network, enabling on-chain games, restaurants, communities and advocacy.

Base Mainnet aims to double down on previous success, providing “hands-on support” for developers deploying products in the ecosystem. The entity revealed that builders can add Ether (ETH) to the base for gas during this phase by employing a portal proxy contract. “Do not send any asset other than ETH to the Portal Proxy contract,” the team warned.

Various tools including smart wallet infrastructure, node providers, data indexers and others are already live on the mainnet and are intended to support builders’ efforts.

Base highlighted its most recent achievement, assuring that it has met all required criteria, such as demonstrating the stability of the testnet, successfully upgrading Optimism to Bedrock, and completing internal and external audits.

It added, “We are grateful for the patience of the community as we worked through these criteria, and we are excited to welcome everyone back to a secure, scalable, and builder-friendly base.”

What will happen next?

Base is preparing for a public launch in early August when more users will be allowed onto the network.

It added, “With our mainnet GA launch in early August, we’ll welcome everyday users to feel what it’s like to be on-chain next online, with a seamless, easy, secure experience across hundreds of products on the base.” Is.”

Base is powered by cryptocurrency exchange Coinbase. One of its advantages is that it lets users build decentralized apps with access to the platform’s products, clients, and tools.

The network leverages Ethereum’s built-in security along with Coinbase’s experience in the industry to enable consumers to operate on Layer 1 and Layer 2 blockchain protocols.

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The team behind Base — an Ethereum Layer 2 chain built on the OP stack in collaboration with Optimism — said its mainnet is available for builders to deploy their products.

The entity will issue a “Genesis Builder” NFT to commemorate those who entered the ecosystem from its inception. However, it has no intention of issuing network tokens.

latest move

Base announced Its testnet launched in February, allowing it to “connect with incredible builders and watch their projects flourish” on the network, enabling on-chain games, restaurants, communities and advocacy.

Base Mainnet aims to double down on previous success, providing “hands-on support” for developers deploying products in the ecosystem. The entity revealed that builders can add Ether (ETH) to the base for gas during this phase by employing a portal proxy contract. “Do not send any asset other than ETH to the Portal Proxy contract,” the team warned.

Various tools including smart wallet infrastructure, node providers, data indexers and others are already live on the mainnet and are intended to support builders’ efforts.

Base highlighted its most recent achievement, assuring that it has met all required criteria, such as demonstrating the stability of the testnet, successfully upgrading Optimism to Bedrock, and completing internal and external audits.

It added, “We are grateful for the patience of the community as we worked through these criteria, and we are excited to welcome everyone back to a secure, scalable, and builder-friendly base.”

What will happen next?

Base is preparing for a public launch in early August when more users will be allowed onto the network.

It added, “With our mainnet GA launch in early August, we’ll welcome everyday users to feel what it’s like to be on-chain next online, with a seamless, easy, secure experience across hundreds of products on the base.” Is.”

Base is powered by cryptocurrency exchange Coinbase. One of its advantages is that it lets users build decentralized apps with access to the platform’s products, clients, and tools.

The network leverages Ethereum’s built-in security along with Coinbase’s experience in the industry to enable consumers to operate on Layer 1 and Layer 2 blockchain protocols.

Special Offer (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).

PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.

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