Coinbase, a number one US-based crypto trade, introduced the testnet launch of a brand new Ethereum layer-2 community – Base. The L2 community is powered by Optimism, one other well-known Ethereum L2 blockchain. The L2 community will supply “a safe, low-cost, developer-friendly manner for anybody, anyplace, to construct decentralized apps or “dapps” onchain”. Furthermore, the crypto trade clearly acknowledged that it has no plans to supply a brand new token for the layer-2 community
In a weblog publish, the crypto trade mentioned,
Base goals to be decentralized, permissionless, and open to anybody with the imaginative and prescient of making an ordinary, modular, rollup agnostic Superchain powered by Optimism. We’re becoming a member of Optimism as a Core Dev on the open supply OP Stack, and dealing to create a thriving group of different builders.
The announcement has given a lift to Optimism’s (OP) worth out there. Based on CoinMarketCap, Optimism was buying and selling at $2.96 at press time and had registered an increase of over 4% previously hour. Moreover, OP has seen an uptrend of over 20% previously 24 hours and had a market cap of over $696 million.
The story continues to be creating.