See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n Coinbase plans to leverage its vast platform of more than 110 million verified users to open access to $80 billion worth of assets in the ecosystem. Base would be fully decentralized, open source, and powered by Optimism OP Stack. The developers, however, noted that they would not be offering a new token on the L2.<\/p>\n\n\n\n See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n \u2018\u2018Today, we\u2019re excited to announce the testnet launch of Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized applications on-chain,<\/em>\u2019\u2019 Coinbase wrote on Feb. 23. \u2018\u2018Our goal with Base is to make on-chain the next online and onboard 1B+ users into the crypto-economy.\u2019\u2019<\/p>\n\n\n\n Coinbase plans to leverage its vast platform of more than 110 million verified users to open access to $80 billion worth of assets in the ecosystem. Base would be fully decentralized, open source, and powered by Optimism OP Stack. The developers, however, noted that they would not be offering a new token on the L2.<\/p>\n\n\n\n See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n Cryptocurrency exchange Coinbase has announced<\/a> a test launch of an Ethereum Layer 2 network aimed at supporting the deployment of decentralized applications<\/a> and onboarding billions of users. Dubbed Base, the L2 also seeks to connect to other L2s and L1s ecosystems like Solana.<\/p>\n\n\n\n \u2018\u2018Today, we\u2019re excited to announce the testnet launch of Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized applications on-chain,<\/em>\u2019\u2019 Coinbase wrote on Feb. 23. \u2018\u2018Our goal with Base is to make on-chain the next online and onboard 1B+ users into the crypto-economy.\u2019\u2019<\/p>\n\n\n\n Coinbase plans to leverage its vast platform of more than 110 million verified users to open access to $80 billion worth of assets in the ecosystem. Base would be fully decentralized, open source, and powered by Optimism OP Stack. The developers, however, noted that they would not be offering a new token on the L2.<\/p>\n\n\n\n See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n Cryptocurrency exchange Coinbase has announced<\/a> a test launch of an Ethereum Layer 2 network aimed at supporting the deployment of decentralized applications<\/a> and onboarding billions of users. Dubbed Base, the L2 also seeks to connect to other L2s and L1s ecosystems like Solana.<\/p>\n\n\n\n \u2018\u2018Today, we\u2019re excited to announce the testnet launch of Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized applications on-chain,<\/em>\u2019\u2019 Coinbase wrote on Feb. 23. \u2018\u2018Our goal with Base is to make on-chain the next online and onboard 1B+ users into the crypto-economy.\u2019\u2019<\/p>\n\n\n\n Coinbase plans to leverage its vast platform of more than 110 million verified users to open access to $80 billion worth of assets in the ecosystem. Base would be fully decentralized, open source, and powered by Optimism OP Stack. The developers, however, noted that they would not be offering a new token on the L2.<\/p>\n\n\n\n See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n Cryptocurrency exchange Coinbase has announced<\/a> a test launch of an Ethereum Layer 2 network aimed at supporting the deployment of decentralized applications<\/a> and onboarding billions of users. Dubbed Base, the L2 also seeks to connect to other L2s and L1s ecosystems like Solana.<\/p>\n\n\n\n \u2018\u2018Today, we\u2019re excited to announce the testnet launch of Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized applications on-chain,<\/em>\u2019\u2019 Coinbase wrote on Feb. 23. \u2018\u2018Our goal with Base is to make on-chain the next online and onboard 1B+ users into the crypto-economy.\u2019\u2019<\/p>\n\n\n\n Coinbase plans to leverage its vast platform of more than 110 million verified users to open access to $80 billion worth of assets in the ecosystem. Base would be fully decentralized, open source, and powered by Optimism OP Stack. The developers, however, noted that they would not be offering a new token on the L2.<\/p>\n\n\n\n See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n Cryptocurrency exchange Coinbase has announced<\/a> a test launch of an Ethereum Layer 2 network aimed at supporting the deployment of decentralized applications<\/a> and onboarding billions of users. Dubbed Base, the L2 also seeks to connect to other L2s and L1s ecosystems like Solana.<\/p>\n\n\n\n \u2018\u2018Today, we\u2019re excited to announce the testnet launch of Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized applications on-chain,<\/em>\u2019\u2019 Coinbase wrote on Feb. 23. \u2018\u2018Our goal with Base is to make on-chain the next online and onboard 1B+ users into the crypto-economy.\u2019\u2019<\/p>\n\n\n\n Coinbase plans to leverage its vast platform of more than 110 million verified users to open access to $80 billion worth of assets in the ecosystem. Base would be fully decentralized, open source, and powered by Optimism OP Stack. The developers, however, noted that they would not be offering a new token on the L2.<\/p>\n\n\n\n See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n The launch of Base was not all smooth, with some quotas reporting technical challenges in accessing the L2. One user, @0xfoobar, posted<\/a> EtherScan screenshots showing transactions appearing to have been reversed. According to Coinbase developers, the technical problems emanated from Coinbase\u2019s wallets, which inaccurately calculated gas fees for completing the users\u2019 transactions.<\/p>\n\n\n\n Despite the teething problems, Base has been lauded across the crypto community. Some users termed it a demonstration of confidence in the Ethereum network that could open the way for onboarding other companies. On his Twitter page, Bankless Show host Ryan Sean Adams wrote<\/a>: \u2018\u2018They choose Ethereum instead of launching their L2. This is a massive vote of confidence for Ethereum. (It) sets the precedence other crypto companies could follow, then fintech, then banks. Eventually, the world will use Ethereum as a settlement and property rights system.<\/em>\u2019\u2019 Other crypto community members, including Delphi Labs\u2019 Gabriel Shapiro, opined<\/a> that the new platform could open more stringent regulations.<\/p>\n","post_title":"Coinbase Introduces Ethereum L2 Network Targeting 1B+ Users","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-introduces-ethereum-l2-network-targeting-1b-users","to_ping":"","pinged":"","post_modified":"2023-02-28 00:17:15","post_modified_gmt":"2023-02-27 13:17:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10087","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9964,"post_author":"16","post_date":"2023-02-19 22:37:19","post_date_gmt":"2023-02-19 11:37:19","post_content":"\n If you are a fan of Final Fantasy, Tomb Raider, or Nier: Automata, the name Square Enix<\/a> is not unfamiliar to you. Recently, this popular Japanese game company has \"teased\" its first blockchain game.<\/p>\n\n\n\n See Related:<\/em><\/strong> Play To Earn \u2013 Is The Future Of Gaming On The Blockchain?<\/a><\/p>\n\n\n\n\n
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