Ethereum

Coinbase Stock

Base

Optimism

Read

<ul> 
 <li>Coinbase launches Layer 2 ‘Base’ an Ethereum scaling solution with lower costs.</li> 
 <li>Base calls attention to many VC-backed projects and offers high investment potential.</li> 
 <li>Coinbase stock (COIN) and upcoming Ethereum upgrade (EIP-4844) add to Base’s impact.</li> 
</ul> 
<p>A crypto analyst and DeFi enthusiast, Miles Deutscher, takes a moment to educate the online crypto community about Base. In detail, he makes a detailed post walking readers through what Coinbase’ layer&nbsp; (L2) solution <a href="https://base.org/" target="_blank" rel="noopener noreferrer nofollow">Base</a> can offer them.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Coinbase's new Layer 2 'Base' is finally here.<br><br>It's one of the most exciting crypto product launches of the year, and will be home to countless new opportunities.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">: Here's EVERYTHING you need to know about Base, and how you can profit as an investor. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/rZqGMkuITg" rel="noopener noreferrer nofollow">pic.twitter.com/rZqGMkuITg</a></p>— Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1688986164953485312?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 8, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>He begins by explaining how <a href="https://www.coinbase.com/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> recently had its much-anticipated Layer 2 scaling solution ‘Base’ make its debut. This occasion marked a significant milestone in the crypto space this year. The launch is expected to introduce numerous new avenues for growth and investment within the crypto market.</p> 
<p>To elaborate, Deutscher says Base is built on the Optimism stack within the Ethereum Layer 2 ecosystem. It aims to provide users with the security and scalability synonymous with Ethereum while significantly reducing transaction costs.&nbsp;</p> 
<p>Coinbase describes Base as a bridge for the next billion users to enter the web3 world. Thus, Base operates under four core principles: being secured by Ethereum, empowered by Coinbase, cost-efficient, and open source.</p> 
<p>By leveraging the Optimism Stack, Base’s L2 stack, aspires to enhance interoperability within the L2 ecosystem, promoting joint scaling for Ethereum. The strategic approach of centralized entities launching decentralized chains is gaining traction in the crypto space. For Coinbase, Base is a well-calculated move backed by years of experience.</p> 
<p>To highlight, Deutscher says many <a href="https://cryptonewsland.com/memecoin-bald-on-base-rockets-to-85mm-market-cap-in-48-hours-then-plummets-85-in-rug-pull/" target="_blank" rel="noopener noreferrer nofollow">prominent protocols</a> have already launched on Base. Presently, over 30 projects are live. Coinbase’s financial strength, with more than $5 billion in cash, positions it to invest extensively in ecosystem development. This robust backing is expected to attract more projects to the Base ecosystem.</p> 
<p>Additionally, Deutscher draws light to investor opportunities. He says that even though Base doesn’t have its own token, investors can explore opportunities through on-chain incentives and by investing in the protocols built on Base.&nbsp;</p> 
<p>Specifically, Deutscher says airdrop and incentive campaigns are anticipated to provide potential gains. To add on, he says investing in protocols leads to early market share gains and could also be lucrative.</p> 
<p>Lastly, he talks about Coinbase Stock (COIN) and EIP-4844. In particular, he says Investors looking to participate indirectly can consider investing in Coinbase stock (COIN). After all, a successful Base launch could positively impact Coinbase’s core business, he says.&nbsp;</p> 
<p>Notably, the Base launch coincides with Ethereum’s Layer 2 upgrade, EIP-4844, set to reduce gas fees significantly, making L2s more appealing to retail users. In conclusion, Deutscher believes Coinbase’s Base launch is <a href="https://cryptonewsland.com/coinbase-reports-q2-financials/" target="_blank" rel="noopener noreferrer nofollow">set to reshape the crypto landscape</a>. In fact, he says it is inevitable for Base to attract significant activity due to its unique positioning and financial backing which will foster 0further innovation in the DeFi space.&nbsp;</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/coinbases-base-l2-network-roadmap-no-token-issuance/" rel="noopener noreferrer nofollow">Coinbase’s Base L2 Network Roadmap: No Token Issuance</a></li> 
 <li><a href="https://cryptonewsland.com/coinbases-base-blockchain-network-to-face-aml-measures-on-launch/" rel="noopener noreferrer nofollow">Coinbase’s BASE Blockchain Network To Face AML Measures on Launch</a></li> 
 <li><a href="https://cryptonewsland.com/memecoin-bald-on-base-rockets-to-85mm-market-cap-in-48-hours-then-plummets-85-in-rug-pull/" rel="noopener noreferrer nofollow">Memecoin “Bald on BASE” Rockets to $85MM Market Cap in 48 Hours, Then Plummets 85% in Rug Pull</a></li> 
 <li><a href="https://cryptonewsland.com/bumpers-breakthrough-defi-protocol-set-to-reshape-options-pricing/" rel="noopener noreferrer nofollow">Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing</a></li> 
 <li><a href="https://cryptonewsland.com/whats-going-on-with-the-sec-binance-and-coinbase/" rel="noopener noreferrer nofollow">What’s Going on With the SEC, Binance, and Coinbase?</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/coinbase-set-to-reshape-crypto-landscape-with-l2-solution-base/">Coinbase Set to Reshape Crypto Landscape with L2 Solution Base</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Coinbase Set to Reshape Crypto Landscape with L2 Solution Base

Crypto News Land

Other articles published on Aug 9, 2023

Cardano DEX MuesliSwap to Reimburse Users Over Slippage Confusion

mPulse Mobile recognized in the Gartner® Hype Cycle™ for U.S. Healthcare Payers, 2023

Worldcoin controversy explained in latest Cointelegraph Report

Verisk Stock Price Prediction: Can VRSK Fall Below $200 Mark?

Outpost Season 15 - Explosives Specialist & Stave of Deception 09/08/23 @ 00:00 UTC FOR 24HRS

XRP Price Fails to Reach Anticipated Levels Despite Favorable Court Ruling

Join our free newsletter for daily crypto updates!