The post Base Network Takes Monumental Leap Towards Full Decentralization appeared on BitcoinEthereumNews.com.

Big news is brewing in the world of Layer 2 networks! Coinbase’s Base network, a prominent player in the Ethereum scaling space, has just taken a significant step forward on its path towards full blockchain decentralization. This move is more than just a technical upgrade; it signals a maturing ecosystem and a commitment to the core principles of web3. Understanding the Evolution of Base Network When Coinbase first launched Base, it was designed as an optimistic rollup built on the OP Stack, aiming to provide a low-cost, secure, and developer-friendly environment for building decentralized applications. As a Layer 2 network, its primary goal is to alleviate congestion and high transaction fees on the Ethereum mainnet (Layer 1) by processing transactions off-chain and then posting bundled transaction data back to Ethereum. Initially, like many new rollups, Base operated in what’s often referred to as a ‘training wheels’ or ‘phase 0’ state. In this initial phase, certain security and upgrade mechanisms are often centralized to ensure stability and the ability to quickly fix critical bugs in a nascent system. While necessary for rapid development and deployment, this phase is inherently less decentralized, relying heavily on the core team (in this case, primarily Coinbase) for critical decisions and security oversight. The recent announcement, reported by CoinDesk, is that Base has transitioned to a ‘phase 1’ rollup. This is a crucial milestone on the rollup decntralization roadmap defined by teams like Optimism (on whose stack Base is built) and recognized within the broader Ethereum community. It represents a move away from some of that initial centralization towards a more distributed control structure. What Does Becoming a Phase 1 Rollup Actually Mean for Coinbase Base? The shift to phase 1 signifies that the network has implemented specific technical and governance changes that reduce reliance on…

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Filed under: News - @ April 30, 2025 2:26 am