Coinbase has announced the testnet launch of Base, an Ethereum Layer 2 network that offers a secure, low-cost, and developer-friendly way for anyone, anywhere, to build decentralized apps or “dapps” onchain. 🚀
With Base, Coinbase aims to onboard 1 billion+ users into the cryptoeconomy and make onchain the next online. The platform will serve as both a home for Coinbase’s onchain products and an open ecosystem where anyone can build. Developers can get started building on Base today at base.org.
What makes Base stand out is its commitment to being decentralized, open source, and a bridge for users into the cryptoeconomy. Base is built with the security and scalability you need to power your decentralized apps, leveraging the underlying security of Ethereum and Coinbase’s best practices. It also offers full EVM equivalence at a fraction of the cost and has easy developer APIs for account abstraction.
Base is designed to provide easy, secure access to Ethereum L1, other L2s, as well as other L1 ecosystems like Solana. The platform is fully open source and freely available, and Coinbase is deeply committed to progressing towards full decentralization over the years ahead.
