Coinbase's Ethereum Layer 2 Solution 'Base' Set to Mainnet Launch

The path to a successful mainnet launch for Coinbase’s Ethereum layer-2 network ‘Base,’ seems brighter than ever.

The base was initially announced back in February, with an ambitious aim of welcoming as many as one million new crypto users in the coming years. The network is now inching closer to a mainnet launch.

P.S. In case you’re keeping track, with the completion of these audits, we’ve now fulfilled ⅘ of our criteria for mainnet launch…https://t.co/eRarQ4R7zG https://t.co/9o3vNidNtE
— Base (@base) June 29, 2023

This development comes on the heels of a fruitful 14-day audit period named Code4rena. This was a crucial step in ensuring the robustness and security of the layer-2 network ahead of its much-anticipated mainnet launch.

Base’s purpose is to provide a seamless experience for users interacting with smart contracts, encompassing both layer 1 and layer 2.

The Base mainnet is a major step forward in Coinbase’s strategic expansion in the crypto ecosystem, aiming to revolutionize blockchain interactions with high-speed and cost-effective transactions.

The crypto community eagerly awaits the rollout, with expectations high for the platform’s impact on mass crypto adoption.

Also Read: Coinbase Launches Wallet as a Service on Ethereum Mainnet

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