Coinbase’s Layer-2 network does not focus on tokens
The post Coinbase’s Layer-2 network does not focus on tokens appeared on BitcoinEthereumNews.com.
Base, the Layer-2 network based on Ethereum and developed by Coinbase, has officially confirmed that it will not launch its own token, denying the speculations that were circulating after the rapid growth of the platform. Jesse Pollak, the lead developer of the project, clarified that the priority of Base is not to create a token, but to focus on developing tools to enhance the adoption and use of decentralized applications (dApp). The rapid growth of Base the Coinbase network Base was launched with the goal of addressing some of the main limitations of Ethereum, such as high costs and scalability. In a few months, the network has seen a significant increase in activity, attracting the attention of developers and users. This success has fueled speculations about the possible launch of a native token to capitalize on the growth and further incentivize the use of the network. However, Jesse Pollak stated unequivocally that there are no plans for a Base token. According to Pollak, the main goal is to provide a stable and secure infrastructure to enable developers to create blockchain solutions that have a real-world impact. The network therefore aims to distinguish itself through technological innovation, rather than through marketing strategies related to the launch of new assets. Base is integrated into the Ethereum ecosystem as a Layer-2 network designed to enhance user experience, reduce costs, and increase transaction speed. Layer-2 networks like Base operate on top of Ethereum, inheriting its security and decentralization, but optimizing its performance. Unlike other Layer-2 solutions that have launched native tokens to manage governance or incentivize adoption, Base relies on its direct connection with Coinbase, one of the largest cryptocurrency exchanges in the world. This relationship provides the network with a solid base of users and developers, eliminating the need to create a specific…
Filed under: News - @ December 4, 2024 7:21 pm