Coinbase’s Ethereum layer-2 chain Base is live to the public

Coinbase, a leading U.S. crypto exchange, officially launched Base, its Ethereum layer 2 network, to the general public on August 9, 2023.

The Base testnet launched in February, followed by a developer-specific release in July. Built on Optimism’s software stack known as the OP Stack, Base operates as a rollup network, a scaling solution that processes transactions off the main Ethereum (ETH) blockchain, providing a more efficient and affordable network for decentralized applications (dApps).