Coinbase Launches Blockchain, Edges Closer to Goal of Reaching 1B People

Base, a
layer 2 blockchain created by Coinbase, the biggest cryptocurrency exchange
in the United States, went live for public access today (Wednesday).

The move
comes as the publicly traded company, which is one of the largest digital asset
exchanges in the world, aims to reach 1 billion
people through
decentralised applications (DApps) built on blockchains.

ᴏɴᴄʜᴀɪɴ 🟡 ꜱᴜᴍᴍᴇʀ

Today’s the day—@BuildOnBase mainnet is here. Time to bring the next billion users onchain.

Mint “Base Day One” and watch the NFT evolve as more people come onchain.https://t.co/S7a1p0QShP pic.twitter.com/kV1F4lgVna

— Coinbase 🛡️ (@coinbase) August 9, 2023

With the
launch of the network, which will enable users to move Ether between the
Ethereum mainnet
Mainnet

A mainnnet is a term to describe the primary blockchain network that a cryptocurrency project will operate. The mainnet reflects the final product or stage of a cryptocurrency project that can be accessed and used by the general public. This means that cryptocurrency transactions are being broadcasted, verified, and recorded on blockchain.In contrast to mainnet networks exists testnets, which describe the state during which a blockchain protocol or network is not yet up and running on its full c

A mainnnet is a term to describe the primary blockchain network that a cryptocurrency project will operate. The mainnet reflects the final product or stage of a cryptocurrency project that can be accessed and used by the general public. This means that cryptocurrency transactions are being broadcasted, verified, and recorded on blockchain.In contrast to mainnet networks exists testnets, which describe the state during which a blockchain protocol or network is not yet up and running on its full c
Read this Term and Base, Coinbase joins the likes of public firms such as IBM
and Microsoft, that have launched their blockchain
Blockchain

Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to…