Crypto exchange Coinbase launches Base, claiming it'll provide a developer-friendly environment for building decentralized apps.
In its announcement, Coinbase said that Base will be “fully open source and freely available.” The company said it is joining the OP Stack core dev team to “ensure it’s a public good available to everyone.”
According to the announcement, Coinbase will continue to integrate as an exchange with other networks, and Base itself will be “a bridge, not an island.” Coinbase intends Base to be an easy-to-use network for its customers to get familiar with using crypto, but it will encourage users to “start on Base, but go everywhere.”
In its decentralization plan, Coinbase said that it is working with Op Labs and the Optimism Collective to decentralize the Optimism ecosystem by creating a “Superchain” of connecting networks built on the OP Stack. The company judges that the current version of Optimism is a “Stage 0 rollup,” citing Vitalik Buterin’s post on the decentralization of rollups. By the end of 2023, Coinbase said it plans to have progressed Base to “Stage 1.
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