Coinbase debuts Ethereum L2 blockchain Base to aid developers

Earlier on Thursday, Jesse Pollak of Coinbase, said in part: "Today, we’re excited to announce the testnet launch of Base, an Ethereum Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps onchain. Our goal with Base is to make onchain the next online and onboard one billion users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase’s onchain products and an open ecosystem where anyone can build. We’re incubating Base inside of Coinbase, leveraging the last decade of our experience building crypto products, and plan to progressively decentralize the chain over time. To support the path toward decentralization, we’re building Base on Optimism’s OP Stack with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism. We do not plan to issue a new network token. Developers can get started building on Base today at base.org. In our Coinbase announcement, we cover what Base is. In this post, we go a little deeper into why we’re building Base and how we plan to accelerate the cryptoeconomy." Reference Link