Coinbase Announces New Ethereum-Based Project! These Altcoins Are On The Move!

Coinbase, the largest US cryptocurrency exchange, announced Base, a new Ethereum layer-2 solution.

Base Ethereum Layer 2 network Optimism It was built using the OP Stack on the network.

The announcement made by Coinbase is as follows:

“Base is a secure, low-cost, developer-friendly Ethereum L2 built to bring billions of users to the web3.

Use the Base testnet today and stay tuned for the upcoming mainnet launch.

Today we are excited to announce the testnet launch of Base, an Ethereum Layer 2 network that offers a secure, low-cost, developer-friendly way for anyone to build decentralized applications or “dapps” on-chain.

Our goal with Base is to move more than 1 billion users onto the chain. In line with this goal, Base will serve as both a home for Coinbase’s on-chain products and an open ecosystem that anyone can build.”

Answering the question of whether a new token will be issued on the subject of Base, Coinbase ” “We have no plans to issue a new network token.” said.

After Coinbase’s announcement, OP (Optimism), which increased by 4%, also increased by 10% during the day.

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