Coinbase to release Base for general users on August 9

Crypto exchange Coinbase will launch its layer-2 network, Base, for general users on August 9. 
Dot
August 3, 2023
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Photo Source: Coinbase (Blog)
The official announcement said, “We believe that decentralization is critical to an open cryptoeconomy. That’s why we will be deploying Base as the second L2 on the open-source OP Stack.”

Crypto exchange Coinbase aims to launch Base, its layer-2 network, for general users on August 9. 

Created in collaboration with Optimism (OP), Base is an open-source Ethereum (ETH) L2 scaling solution that makes it easy for users to build, test and deploy dapps and smart contracts. 

The decentralized apps built with Base can integrate with several Coinbase products, including fiat on-ramps. Moreover, Base allows creators to deploy their smart contracts via Hardhat, Remix, and other powerful tools.  

In its blog post, Coinbase cautioned users against scam tokens by stressing that the exchange will not issue a new token for Base. The firm added,

"Be aware that scammers may be offering or sending fake Base tokens."



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Meanwhile, Coinbase is expected to report its earnings for the second quarter of 2023 this week, with the analysts at FactSet expecting a decline in the exchange's quarterly revenue and trading volume.

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Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Coinbase to release Base for general users on August 9

HomeCrypto exchanges
Contents
Photo Source: Coinbase (Blog)
The official announcement said, “We believe that decentralization is critical to an open cryptoeconomy. That’s why we will be deploying Base as the second L2 on the open-source OP Stack.”

Crypto exchange Coinbase aims to launch Base, its layer-2 network, for general users on August 9. 

Created in collaboration with Optimism (OP), Base is an open-source Ethereum (ETH) L2 scaling solution that makes it easy for users to build, test and deploy dapps and smart contracts. 

The decentralized apps built with Base can integrate with several Coinbase products, including fiat on-ramps. Moreover, Base allows creators to deploy their smart contracts via Hardhat, Remix, and other powerful tools.  

In its blog post, Coinbase cautioned users against scam tokens by stressing that the exchange will not issue a new token for Base. The firm added,

"Be aware that scammers may be offering or sending fake Base tokens."



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Meanwhile, Coinbase is expected to report its earnings for the second quarter of 2023 this week, with the analysts at FactSet expecting a decline in the exchange's quarterly revenue and trading volume.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

The official announcement said, “We believe that decentralization is critical to an open cryptoeconomy. That’s why we will be deploying Base as the second L2 on the open-source OP Stack.”

Crypto exchange Coinbase aims to launch Base, its layer-2 network, for general users on August 9. 

Created in collaboration with Optimism (OP), Base is an open-source Ethereum (ETH) L2 scaling solution that makes it easy for users to build, test and deploy dapps and smart contracts. 

The decentralized apps built with Base can integrate with several Coinbase products, including fiat on-ramps. Moreover, Base allows creators to deploy their smart contracts via Hardhat, Remix, and other powerful tools.  

In its blog post, Coinbase cautioned users against scam tokens by stressing that the exchange will not issue a new token for Base. The firm added,

"Be aware that scammers may be offering or sending fake Base tokens."



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Meanwhile, Coinbase is expected to report its earnings for the second quarter of 2023 this week, with the analysts at FactSet expecting a decline in the exchange's quarterly revenue and trading volume.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande