Coinbase’s Base, an Ethereum Layer 2 chain built on OP Stack in collaboration with Optimism, has recently announced the availability of its mainnet for builders to deploy their products. This significant development marks a major step forward for Base, which aims to provide a secure and scalable ecosystem for developers to create decentralized applications (dApps) with ease. Let’s delve deeper into the details of this exciting launch.
Genesis Builder NFT and Network Token
To commemorate the early adopters and participants of the Base ecosystem, the team behind Base plans to release a unique “Genesis Builder” non-fungible token (NFT). This NFT serves as a token of appreciation for those who have joined the network from its inception. However, it is important to note that Base does not intend to issue a network token, differentiating itself from many other blockchain projects.
“We’re grateful for the community’s patience as we worked through these criteria, and we’re excited to welcome everyone on to a secure, scalable, and builder-friendly Base.”
After successfully launching its testnet in February, Base connected with various builders who have already started to thrive on the network. The mainnet launch aims to build upon this success by providing hands-on support to developers deploying their products into the ecosystem. Base has already implemented various tools such as smart wallet infrastructure, node providers, and data indexers to assist builders in their efforts.
Bridge with Ethereum and Precautions
During this phase, Base allows builders to bridge their ether (ETH) to the network for gas purposes. However, the team advises caution and emphasizes that only ETH should be sent to the portal proxy contract. This precautionary measure ensures the security and integrity of the Base ecosystem.
Base proudly highlights its recent achievements, including meeting the necessary criteria for stability, Optimism’s successful upgrade of Bedrock, and completion of internal and external audits. These milestones ensure a robust and secure environment for builders and users alike. The team expresses gratitude for the community’s patience during this process and eagerly looks forward to welcoming everyone to the secure, scalable, and builder-friendly Base.
Upcoming Public Launch
Base is preparing for a public launch in early August, expanding access to more users who will be able to onboard the network. With the mainnet’s general availability, everyday users will be able to experience the seamless, easy, and secure on-chain environment that Base offers. The network aims to provide access to hundreds of products, demonstrating the potential of on-chain interactions as the future of online experiences.
Base benefits from its association with Coinbase, a leading cryptocurrency exchange. Leveraging Coinbase’s experience in the industry, Base empowers users to build dApps with access to the platform’s products, clients, and tools. By combining the underlying security of Ethereum with Coinbase’s expertise, Base facilitates the onramping of layer 1 and layer 2 blockchain protocols, offering a comprehensive and user-friendly ecosystem.