Coinbase has officially become the first publicly traded company to launch its own decentralized blockchain, Base, to the public. After launching a testnet in February, which was well received by a developers release in July, Coinbase has commenced their “on-chain summer” event with the mainnet generally available. The offering consists of more than 100 dApps, service providers, and integration of various different crypto sector projects in the Base Network.
The new developer friendly Base Network is designed to optimize results with transaction fees and has lower transaction speed than Ethereum. It runs on top of Optimism’s IO Stack, a scaling solution, which makes is much more affordable than other available options. As its first on-chain event working in cooperation with partners in music, gaming, and digital art, users can obtain an NFT sereis commemorating the launch, a “Base Day One”.
