crypto exchange coinbase ‘s entry into the tier 2 domain appears to be making steady strides towards a mainnet launch soon. A testnet version of the Ethereum layer 2 network was introduced in February 2023. Base was launched as a platform that makes it easy for developers to create apps and connect to the Coinbase suite of products for user convenience. The developers said that in the last update, Base mainnet was considered a priority.
Meanwhile, a Coinbase executive briefed on the potential timeline for the Base mainnet launch. The mainnet launch is scheduled for 2023. Because the team prioritizes delivery as soon as possible. However, official dates for the launch have yet to be determined. Base leader Jesse Pollak, builders and users of the overall vision blockchain Said it was to combine on.
Ethereum layer 2 blockchain, crypto- Given the wide reach of the exchange, it comes as a potential competitor to existing layer 2 blockchains. Pollak said the launch is now the number one priority, according to the TechCrunch report.
“Very soon, we are working hard on it. This is our number one priority along with our decentralization goals, and the rest of the year is about ensuring we reach that goal as quickly as possible.”
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As Koinfinans.com reported, the executive said the larger plan is to “include millions of developers and billions of users on the chain” by combining Base with Coinbase.