Base Deep Dive

Base is an Ethereum Layer 2 (L2) blockchain developed by Coinbase, one of the largest cryptocurrency exchanges. Launched on August 9th, 2023, it's designed to improve the scalability and usability of Ethereum by making transactions faster, cheaper, and safer for both developers and users. The goal is to bring the next billion users into the crypto space by making on-chain activity more accessible. Base operates on top of the Ethereum mainnet, inheriting its security, but handles transactions off-chain to reduce congestion and lower gas fees. It's built on the open-source OP Stack, developed by Optimism, allowing it to achieve greater scalability and lower transaction costs compared to Ethereum directly.

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