Base is a groundbreaking Ethereum Layer 2 (L2) network incubated by Coinbase, designed with a clear mission to bring the next billion users into the realm of Web3. Developed in close collaboration with Optimism on the OP Stack, Base Blockchain offers a secure, cost-effective, and open-source platform that prioritizes developer-friendliness. It serves as an accessible gateway to the Ethereum Virtual Machine (EVM) environment, allowing for early adoption of cutting-edge features like Account Abstraction (ERC4337), gasless transaction APIs for developers, and smart contract wallets.
As a core development team within Optimism's OP Stack, Base is committed to open-source principles, ensuring that the platform remains accessible to the broader community. Notably, Base contributes sequencer revenue to support public goods, emphasizing its dedication to the sustainability and growth of the blockchain ecosystem. Operating as an Ethereum Layer 2, Base offers the security, stability, and scalability required for on-chain applications. It simplifies the deployment of EVM code and facilitates the seamless onboarding of users and assets from Ethereum L1, Coinbase, and various other blockchain networks. With an extensive network of over 100 dApps and service providers, Coinbase's Base mainnet promises to be a transformative force in the cryptocurrency landscape by efficiently processing transactions outside the Ethereum blockchain, ultimately addressing Ethereum's scalability and cost challenges.