{"id":3277,"date":"2023-02-28T21:52:50","date_gmt":"2023-02-28T21:52:50","guid":{"rendered":"https:\/\/asucom.xyz\/2023\/02\/28\/coinbases-layer-2-blockchain-may-help-expand-scaling-on-ethereum\/"},"modified":"2023-02-28T21:52:50","modified_gmt":"2023-02-28T21:52:50","slug":"coinbases-layer-2-blockchain-may-help-expand-scaling-on-ethereum","status":"publish","type":"post","link":"https:\/\/asucom.xyz\/fr\/2023\/02\/28\/coinbases-layer-2-blockchain-may-help-expand-scaling-on-ethereum\/","title":{"rendered":"Coinbase\u2019s layer-2 blockchain may help expand scaling on Ethereum"},"content":{"rendered":"
\n

Coinbase, the second-largest crypto exchange by trading volume, is diving into the blockchain world in a move that some market players are excited about.<\/p>\n

On Thursday, the exchange launched Base<\/a>, an Ethereum-focused layer-2 (L2) blockchain, in an effort to enter the decentralized ecosystem through its own chain and expand further into the developer space, Jesse Pollak, lead for Base and head of protocols at Coinbase, previously told TechCrunch.<\/p>\n

Base\u2019s L2 is a \u201csecure, low-cost, developer-friendly\u201d chain that aims to help builders create dApps on-chain, the company stated. A number of crypto businesses, platforms, marketplaces and infrastructure firms have committed to building on Base, a Coinbase spokesperson told TechCrunch.<\/p>\n

Those that plan to be involved include Blockdaemon, Chainlink, Etherscan, QuickNode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole and Gelato, to name a handful.<\/p>\n

\u201cThe launch of Base reinforces the importance of L2s in growing the blockchain ecosystem,\u201d said Dmitry Shklovsky, co-founder of QuickNode, which is a partner and node provider for Base. \u201cMore onramps and more equitable, developer-friendly L2s are key health indicators that we are moving in the right direction.\u201d<\/p>\n

L2 blockchains build on top of layer-1 (L1) blockchains like Ethereum, Solana and Avalanche in an effort to reduce bottlenecks, constraints and other network-clogging effects. Instead of putting every transaction on an L1 chain, L2s bundle transactions so tasks can be delivered in a more efficient manner.<\/p>\n

L1s like Ethereum are secure but impractical for high-throughput volumes due to prohibitively expensive gas, or transaction, fees<\/a>, spokespeople from The Graph Foundation and Edge & Node said in an email to TechCrunch. \u201cL2s make the blockchain space more accessible by a broader range of both devs and users, allowing cheaper, faster transactions that still take advantage of the security of L1s like Ethereum.\u201d<\/p>\n

L2s are essential for accessibility and scalability in the space, Shklovsky said. \u201cL1s typically prioritize security and decentralization over scalability. L2s reduce the workload on the main chain, making the network faster and more user-friendly, allowing chains to scale quickly without compromising decentralization or security.\u201d<\/p>\n

Growing the L2 space<\/h2>\n

Base is built on the MIT-licensed OP Stack in collaboration with the layer-2 blockchain Optimism, which is also focused on the Ethereum blockchain. \u201cOptimism is not a competitor [to Base], but rather a collaborator,\u201d Shklovsky said.<\/p>\n

The Optimism stack is open source and relied upon by many in the web3 space, The Graph and Edge & Node spokespeople said. \u201cThis demonstrates the positive-sum and collaborative spirit of web3, in contrast to the competitive landscape that has become the norm in web2. When developers build in the open, everyone benefits without having to reinvent the wheel from scratch every time a new technology is created.\u201d<\/p>\n<\/p>\n

<\/div>\n

Coinbase\u2019s layer-2 blockchain may help expand scaling on Ethereum<\/a> by Jacquelyn Melinek<\/a> originally published on TechCrunch<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Coinbase, the second-largest crypto exchange by trading volume, is diving into the blockchain world in a move that some market players are excited about. On Thursday, the exchange launched Base, an Ethereum-focused layer-2 (L2) blockchain, in an effort to enter the decentralized ecosystem through its own chain and expand further into the developer space, Jesse Pollak, lead for Base and head of protocols at Coinbase, previously told TechCrunch. Base\u2019s L2 is a \u201csecure, low-cost, developer-friendly\u201d chain that aims to help builders create dApps on-chain, the company stated. A number of crypto businesses, platforms, marketplaces and infrastructure firms have committed to building on Base, a Coinbase spokesperson told TechCrunch. Those that plan to be involved include Blockdaemon, Chainlink, Etherscan, QuickNode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole and Gelato, to name a handful. \u201cThe launch of Base reinforces the importance of L2s in growing the blockchain ecosystem,\u201d said Dmitry Shklovsky, co-founder of QuickNode, which is a partner and node provider for Base. \u201cMore onramps and more equitable, developer-friendly L2s are key health indicators that we are moving in the right direction.\u201d L2 blockchains build on top of layer-1 (L1) blockchains like Ethereum, Solana and Avalanche in an effort to reduce bottlenecks, constraints and other network-clogging effects. Instead of putting every transaction on an L1 chain, L2s bundle transactions so tasks can be delivered in a more efficient manner. L1s like Ethereum are secure but impractical for high-throughput volumes due to prohibitively expensive gas, or transaction, fees, spokespeople from The Graph Foundation and Edge & Node said in an email to TechCrunch. \u201cL2s make the blockchain space more accessible by a broader range of both devs and users, allowing cheaper, faster transactions that still take advantage of the security of L1s like Ethereum.\u201d L2s are essential for accessibility and scalability in the space, Shklovsky said. \u201cL1s typically prioritize security and decentralization over scalability. L2s reduce the workload on the main chain, making the network faster and more user-friendly, allowing chains to scale quickly without compromising decentralization or security.\u201d Growing the L2 space Base is built on the MIT-licensed OP Stack in collaboration with the layer-2 blockchain Optimism, which is also focused on the Ethereum blockchain. \u201cOptimism is not a competitor [to Base], but rather a collaborator,\u201d Shklovsky said. The Optimism stack is open source and relied upon by many in the web3 space, The Graph and Edge & Node spokespeople said. \u201cThis demonstrates the positive-sum and collaborative spirit of web3, in contrast to the competitive landscape that has become the norm in web2. When developers build in the open, everyone benefits without having to reinvent the wheel from scratch every time a new technology is created.\u201d Coinbase\u2019s layer-2 blockchain may help expand scaling on Ethereum by Jacquelyn Melinek originally published on TechCrunch<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3277","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/posts\/3277"}],"collection":[{"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/comments?post=3277"}],"version-history":[{"count":0,"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/posts\/3277\/revisions"}],"wp:attachment":[{"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/media?parent=3277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/categories?post=3277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asucom.xyz\/fr\/wp-json\/wp\/v2\/tags?post=3277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}