- Coinbase’s Layer-2 Base has kicked off the first phase of its mainnet deployment.
- Developers will be able to test applications with support from the team.
- Coinbase plans to build user anticipation.
In February 2023, Coinbase, the largest crypto exchange in the United States, revealed that it was delving into the Ethereum Layer-2 ecosystem with Base, a protocol based on Optimism.
After months of testing and security audits, Coinbase has finally released the mainnet of its highly anticipated Layer-2 network Base for builders.
Base Announces Blind Builder Phase
In a Twitter thread on Thursday, July 13, Base announced that it had launched its mainnet, giving developers dibs.
“Base mainnet is now open for builders,” the team wrote.
During this phase of the mainnet deployment, developers can launch and test their applications on the protocol ahead of the public launch set for early August. Base will also offer support and a commemorative “Genesis Builder” NFT to participating developers.
Base has further urged builders to keep their integration a secret until the public launch to maintain the hype surrounding the project. Consequently, users will have to wait till early August for a peek at what apps are building for the protocol.
Developers can access the Base mainnet using a custom remote procedure call (RPC) or by running their custom node. Base has also provided a bridge allowing developers to transfer ETH for gas fees. Other live tools include two blockchain explorers and three data indexers.
BaseScan data shows that over 1.2 million transactions have been conducted on the network. The data indicates that the network started processing transactions on June 18.
Source: BaseScan
Base will serve as the home for Coinbase’s on-chain products and aims to onboard billions of users to the blockchain.
On the Flipside
- While Base is set to open up to the public in early August, the team has yet to specify a date.
- The team maintains that it has no plans of launching a token for Base.
Why This Matters
Base is backed by Coinbase, one of the most reputable crypto exchanges in the world. The team’s decision to offer mainnet dibs to developers further highlights the project’s builder focus.
Read this to learn more about Base’s security focus:
Coinbase’s Layer-2 Base Focuses on Security Ahead of Mainnet Launch
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