- Coinbase’s layer-2 network, Base, is gearing up for its widely anticipated mainnet launch.
- It recently disclosed criteria for its mainnet launch, scheduling debut after Optimism’s Bedrock upgrade.
- The network has attracted several builders from gaming, NFTs, and DeFi verticals since testnet.
- There are no plans to issue a network token for now, L2 network has confirmed.
Coinbase’s Layer-2 (L2) network, Base, is preparing for the much hyped mainnet launch, after the team disclosed the “Path to Mainnet” roadmap on May 24.
Coinbase L2 Base gears up for mainnet launch
Coinbase’s L2 network, Base, is on course with the release of its mainnet after providing insight into the network’s progress and upcoming milestones ahead of the official debut. Further, the US-based exchange also detailed several goals that must be fulfilled prior to unleashing the mainnet of its L2 solution later in the year.
As stated in an official Base blog, the network will prioritize safety and security in the days leading to the launch. As the countdown leading to the mainnet debut continues, some of the core milestones set by the network include:
- Proof of testament stability
- Successful upgrade of Optimism’s Bedrock
- Full-blown reviews and audits
Among the milestones already covered, include:
- Regolith hardfork in testnet
- Infrastructure review with Optimism’s team ahead of the Bedrock upgrade
Nevertheless, increasing economic freedom and opportunity on a global scale remains the goal. To this end, the network will bring in “the next million developers and billion users into the crypto economy.”
No plans to issue a network token
Contrary to what the crypto economy hoped for, Base has articulated that there will not be any network token. An excerpt from the declaration reads:
Following Mainnet Genesis begins our Genesis Window — a focused, coordinated window for developers to deploy Dapps on Base mainnet. During this window, we will be exclusively focusing on developers and providing support to ensure they are successful.
It is worth mentioning that Coinbase’s L2, Base, had garnered massive interest from the developer community as well as from projects from different spaces. Among them, are gaming, non-fungible tokens (NFTs), infrastructure, developer tooling, wallets, security, DeFi, oracles, analytics, bridging, payments, decentralized autonomous organizations (DAO), and social.
Some of the most exciting builders on Base include Blackbird, Parallel, Thirdweb, and OAK, with the team behind the L2 network also unleashing a “Path to Base Mainnet NFT” where users can mint to memorialize this milestone.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.