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@Base

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@Base

has surpassed 1 million followers! 📷What is Base? Base is an Ethereum Layer-2 blockchain developed by Coinbase. It relies on the OP Stack (Optimism's open-source modular architecture). Purpose: To provide solutions to questions such as Ethereum's high transaction fees and slowness — making transactions faster and costs lower. Technical Specifications & Advantages Layer-2 & Rollup Technology Base is a “rollup” chain operating on Ethereum. It aggregates many transactions off-chain and then records them as a single package on the Ethereum main chain. This reduces transaction load. Ethereum Compatibility (EVM Compatibility) Highly compatible with smart contracts and tools in the Ethereum ecosystem; it is easy for developers to migrate their existing projects. Low Fees & Fast Transactions It ensures protection from high fees and allows for faster transaction approvals. Security Built on the security of the Ethereum main chain; Base says, “secured by Ethereum.” Currently, there are plans to issue a separate “token” for Base. Centralization and Future Plans A project incubated within Coinbase; it aims to become more decentralized over time.