Project Incubated by Coinbase Gears Up for Launch of Ethereum Layer-2 Mainnet

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A venture supported by the US-based crypto change Coinbase says that its Ethereum (ETH) layer-2 protocol is on the cusp of launching its mainnet.

The venture, often known as Base, says it has not too long ago accomplished inside and exterior safety audits, which implies it has now fulfilled 4 out of the 5 standards it set out for its mainnet launch.

Base is powered by the blockchain-scaling resolution Optimism (OP), and its testnet launched in February.

Coinbase engineers are designing the venture to be suitable with Ethereum, Ethereum layer-2s like Optimism and different different layer-1s like Solana (SOL).

Base says the safety audits didn’t reveal any essential severity bugs, which provides the group behind the venture “confidence to proceed in direction of mainnet launch.”

“We are able to’t wait to deliver Base to mainnet quickly, persevering with to construct with uncompromising requirements of safety to make sure that builders can come on-chain with confidence.”

Coinbase beforehand famous that it has no plans to challenge a brand new community token. The highest US crypto change says Base shall be decentralized and permissionless.

“Our aim with Base is to make on-chain the subsequent on-line and onboard one billion+ customers into the cryptoeconomy. In pursuit of this aim, Base will function each a house for Coinbase’s on-chain merchandise and an open ecosystem the place anybody can construct.”

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