• On February twenty third, Coinbase formally launched Base.
• Base has not introduced a particular launch date for its mainnet.

In anticipation of the launch of Base’s mainnet, Coinbase confirmed Wednesday that its Ethereum Layer 2 community has undergone an intensive safety evaluation by researchers. In response to the report, Coinbase commissioned its protocol safety crew to bear a six-month inner audit to totally check the safety of Base, which is constructed on the OP stack, in collaboration with Optimism, which was introduced in February. .

Coinbase stated:

The aim of Layer 2 options is to enhance the cost-effectiveness and effectivity of transactions on networks corresponding to Ethereum. These options accomplish this by processing transactions in a separate house after which relaying the outcomes to their respective networks.

Base has not introduced a particular launch date for its mainnet, however has revealed that in contrast to different Layer 2 blockchains corresponding to Polygon, Optimism and Arbitrum, it is not going to introduce a local token into the ecosystem.

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