Within the engine-house of the Web3 domain, a new era of progress is beginning to unfold. Following the successful launch of Consensys’ Linea blockchain, Coinbase is preparing to introduce its own impressive network known as Base.
Base will have a slightly different approach compared to Linea, as it will utilize Optimism Rollups instead of Linea’s Zero Knowledge equivalent. This means that transactions on Base will occur at slightly slower speeds, but they will be more secure as the network validates each transaction on the chain. Despite this delay, Base is expected to outperform Ethereum in nearly every aspect.
The development of Layer 2 networks like Base has been driven by Ethereum’s tendency to become congested during periods of high transaction volume. To address this issue, a new generation of Ethereum-compatible side chains has emerged. These side chains perform bulk transactions off-chain, alleviating the burden on the main Ethereum network.
For the average user, this means they will be able to enjoy faster transaction fees and processing times when using Ethereum-compatible applications and tools. Additionally, developers will be able to quickly deploy new decentralized applications (dApps) using the infrastructure provided by Base.
To celebrate its public launch on August 9, Base Network has kicked off its Onchain Summer event. This exciting initiative offers a summer-long experience of art, music, gaming, and more to all fans of the blockchain. Early adopters who bridge onto the Base network will even have the opportunity to claim a free NFT as a reward for their support.
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Please note that all investment and financial opinions expressed by NFT Plazas are based on personal research and experience, and they are intended solely for educational purposes. Individuals are advised to conduct their own thorough research before making any investment decisions.
About the Author:
Russ of NFT Plazas is a decentralized human, explorer, and adventurer in the world of blockchain and NFTs.
Overall, the launch of Coinbase’s Base Network and the ongoing development of Layer 2 networks like Base mark significant steps forward in the Web3 domain. With improved transaction speeds and enhanced security, these networks offer a promising future for Ethereum and its community. As more users and developers embrace these advancements, the potential for innovation and growth within the decentralized ecosystem becomes even more exciting.
