Coinbase Introduces Decentralized Blockchain, Base to the Public

Coinbase has officially become the first publicly traded company to launch its own decentralized blockchain, called Base. Indeed, the network’s testnet had been launched in February, with a release for developers arriving in July.

The offering is set to feature more than 100 dApps and varying service providers as part of the base ecosystem.

Following its testnet launch in February, and a developer release in July, users are now able to try Coinbase's Base network mainnet which is officially open to the public.

The Base Network has seen the integration of a host of different projects in the crypto sector, including decentralized finance protocols, wallets, bridges, and more. Subsequently, the efforts of the various releases are now able to be explored by users.

The new network, backed by Coinbase, is a roll-up network developed on Optimisms IO Stack. Indeed, it is a scaling solution that will process transactions on Ethereum. Subsequently, its development will make it more affordable for dApps than some other options.

The new Base network is also likely to become the default for Coinbase's on-chain developments. Additionally, the arrival has now kicked off the "on-chain summer" event set to take place over several weeks. Specifically, the event will see the promotion of main net partner dApps in music, gaming, and digital art. Additionally, users are able to mint a "Base Day One" NFT to commemorate the arrival.

(Source: Watcher.Guru)