🧵 1. Coinbase launches Ethereum layer-2 network Base, aiming to drive development of decentralized apps. Already $142M locked in ecosystem. #crypto
🧵 1. Coinbase launches Ethereum layer-2 network Base, aiming to drive development of decentralized apps. Already $142M locked in ecosystem. #crypto
🧵 2. Base's launch event, Onchain Summer, showcases its ambition to bring millions of new users on-chain. Over 100 decentralized apps available.
🧵 3. Coinbase's Base focuses on incubating developers and avoids introducing native tokens like Arbitrum and Optimism. Promotes growth and expansion.
🧵 4. By not issuing a token, Coinbase side-steps regulatory challenges amidst legal pressure. SEC lawsuit unlikely to derail Base development.
🧵 5. Jesse Pollak, Coinbase’s senior director of engineering, highlights Base's potential beyond cryptocurrencies. Building for a new world.
🧵 Read more at: https://decrypt.co/151870/coinbase-ethereum-l2-launches-mainnet-with-142m-already-on-its-network