Base: Coinbase to launch its L2 ETH mainnet in 2023

Coinbase anticipates a launch of the main network from Base by the end of the year. Several major players in the ecosystem, including Aave and Chainlinkare planning to rely on the l2 Ethereum of the American giant.

In a recent interview with TechcrunchJesse Pollak, Coinbase’s head of base and protocols, said that the mainnet from Base should be put on orbit in 2023.

It’s coming soon, we’re working hard on it. It is our number one priority alongside the decentralization goals,” the executive said.

Last February, Coinbase unveiled Base, a layer2 blockchain network for Ethereum, and launched a first test network (testnet). With Basethe cryptocurrency exchange pioneer wants to facilitate the development ofdecentralized applications.

Base’s vision is to bring a million builders and a billion users to the channel with easy-to-use products,” Pollak explained.

A number of large crypto companies and platforms have now committed to building on Base. We can quote Blockdaemon, Chainlink, Etherscan, Quicknode, Aave, Animoca Brands, Dune, Nansen, Magic Eden or The Graph.

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After the launch of the Base mainnet, Coinbase plans to work on the decentralization of layer2 with the ambition to make the solution completely independent from the exchange listed on the stock exchange. Namely, Base will not have a native token.

This week, as part of its international expansion, Coinbase announced that it had obtained a Digital Asset license in Bermuda. The Californian company is planning to open a crypto derivatives platform there.

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