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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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Technical Problems At Launch<\/h2>\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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 … 7

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Application Layer Protocols<\/a><\/p>\n\n\n\n

Technical Problems At Launch<\/h2>\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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 … 7

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\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

Technical Problems At Launch<\/h2>\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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 … 7

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\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

Technical Problems At Launch<\/h2>\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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 … 7

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\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

Technical Problems At Launch<\/h2>\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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 … 7

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Base has been praised as a vote of confidence for proof of stake network, while others think it could attract the scrutiny of the regulators.<\/li>\n<\/ul>\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

    Technical Problems At Launch<\/h2>\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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2 3 4 5 … 7

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • The new platform is touted as key in opening up Ethereum for decentralized apps (dApps) developers.<\/li>\n\n\n\n
  • Base has been praised as a vote of confidence for proof of stake network, while others think it could attract the scrutiny of the regulators.<\/li>\n<\/ul>\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

    Technical Problems At Launch<\/h2>\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"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 2 3 4 5 … 7

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    ADVERTISEMENT
    \n