Breaking: Coinbase Set To Launch Base Mainnet Within 2023
Crypto News: Crypto exchange Coinbase’s entry into the Layer 2 space is apparently making steady strides towards a mainnet launch soon. A testnet version of the Ethereum Layer 2 network has been unveiled in February 2023. Base was launched as a platform that makes it easy for developers to build apps and plug into the Coinbase product suite for user convenience. The developers said in a latest update that the Base mainnet is being considered as a priority.
Also Read: Bitcoin, Ethereum Eye Major Pullback Risk, Tips Bloomberg Analyst
Base Mainnet Launch
Meanwhile, a Coinbase executive spilled the beans on the potential timeline for Base mainnet launch. The mainnet launch is planned for 2023, as the team is prioritizing for delivering it as soon as possible. However, the official dates for the launch are yet to be ascertained. Jesse Pollak, the Base lead, said the overall vision is to unite builders and users on the blockchain.
The Ethereum layer 2 blockchain comes as a potential rival to existing layer 2 blockchains, considering the wide reach of the crypto exchange. Pollak said the launch is now a number one priority, as per a TechCrunch report:
“It’s coming soon, we are working hard on it. It’s our number one priority alongside decentralization goals and the rest of the year is really about making sure we get there as quickly as possible.”
The executive said the larger plan is to unite Base along with Coinbase to bring “million developers and billions of users on chain.”
Also Read: FTX Creditors Lauds Former US Secret Service Agent In Bankruptcy Case
- XRP to $9? Analysts Tip ‘XRP Is a Buy’ as Price Targets 200% Surge
- CZ Endorses Hyperliquid Rival Aster DEX, Token Rallies 1,500%
- Tom Lee’s BitMine Adds $84M in ETH as Expert Predicts Ethereum Rally to $5K
- Grayscale’s Crypto Index Fund Sees ‘Solid Start’ as SOL, XRP Institutional Demand Climbs
- Senate Democrats Urge Republicans for ‘True Collaboration’ to Quickly Pass CLARITY Act
- PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout
- Bitcoin Price Prediction: Analyst Highlights Breakout Patterns as Coinbase CEO Backs Crypto Structure Bill
- Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
- Shiba Inu (SHIB) Price Prediction: Massive SHIB Burn and 80-Week Cycle Mirroring Past Rallies: Will History Repeat?
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
