Coinbase admission into Layer 2 seems to be progressing steadily toward a mainnet launch in the near future.
In February 2023, a testnet version of the Ethereum Layer 2 network was released. Base was introduced as a platform that makes it simple for developers to create apps and integrate them for user convenience into the Coinbase product suite.
The Base mainnet is being taken into consideration as a priority, the developers stated in the most recent update. A Coinbase executive revealed the likely launch date for the Base mainnet in the meanwhile.
The team is emphasizing the delivery of the mainnet as soon as feasible, therefore the launch is scheduled for 2023. However, the precise launch dates have not yet been determined.
The Base head, Jesse Pollak, stated that the overarching goal is to bring together developers and users on the blockchain. Considering the extensive reach of the cryptocurrency market, the Ethereum layer 2 blockchain presents a possible alternative to existing layer 2 blockchains.
According to a TechCrunch story, Pollak noted that the launch is now of the utmost importance:
“It’s coming soon, we are working hard on it. It’s our number one priority alongside decentralization goals and the rest of the year is really about making sure we get there as quickly as possible.”
For more than a decade, Coinbase has been a prominent participate in the crypto market. Base was introduced as a platform that allows developers to easily build applications that can be integrated into the Coinbase product suite for user convenience
