Today I am explaining @Base to you ✨

Recently

@Base has surpassed 1 million followers! 🚀

What is Base?

Base is an Ethereum Layer-2 blockchain developed by Coinbase.

It is based on the OP Stack (Optimism's open-source modular architecture).

Purpose: To provide solutions to issues like Ethereum's high transaction fees and slowness — making transactions faster and costs lower.

Technical Features & Advantages

Layer-2 & Rollup Technology Base is a "rollup" chain running on Ethereum. This means it aggregates many transactions off-chain and then records them as a single package on the Ethereum main chain. This reduces the transaction load.

Ethereum Compatibility (EVM Compatibility) Highly compatible with smart contracts and tools in the Ethereum ecosystem; making it easy for developers to migrate their existing projects.

Low Fees & Fast Transactions Protects against high fees and ensures quicker transaction confirmations.

Security Built on the security of the Ethereum main chain; Base states it is "secured by Ethereum."

Currently, a separate "token" for Base is being planned.

Centralization and Future Plans A project incubated within Coinbase; it aims to become more decentralized over time.