Coinbase’s Layer-2 Network Base Unveils Mainnet for Developers before Public Launch
The Coinbase Base mainnet will allow developers to deploy applications on the Base platform. This mainnet includes two functioning block explorers and an official RPC node, which enables users to read data and send transactions.
In the latest development, Coinbase unveiled the mainnet of its Layer-2 scalability platform Base, for developers. This release comes just ahead of the public launch of Coinbase Base slated for earlier August next month.
Earlier this year in February, Coinbase unveiled the testnet version of Base. This release of the developer mainnet will allow the deployment of applications on the Base network.
Coinbase Base is a network based on Ethereum Layer 2 technology. It offers developers a cost-effective and secure platform for creating on-chain solutions. Developed in partnership with Optimism and residing on the OP Stack, Base operates as a rollup network. This secondary layer conducts off-chain computations to enable faster and more affordable transactions, while still benefiting from the security features of the Ethereum mainnet.
In preparation for the launch of the mainnet, the Base core team conducted thorough security audits, both internally and externally, to enhance the safety of the network and the Optimism Protocol Stack (OP Stack). This involved collaboration with Coinbase protocol experts as well as over 100 external security researchers, as stated by the team.
The Base mainnet now offers various tools for developers that are readily available. These tools include node providers such as Blockdaemon, QuickNode, and Blast, the Safe Wallet for secure storage, block explorers like Etherscan and Blockscout, and data indexers such as The Graph and Covalent, as confirmed by the team.
More Details About the Coinbase Base Mainnet
In their announcement on July 13, the team revealed that the Base mainnet now includes two functioning block explorers and an official RPC node, which enables users to read data and send transactions. Data from these explorers indicates that the network has been operational since July 2 and has successfully processed over 1 million transactions.
Blockchain data confirms the deployment of an official “OptimismPortal” or Base bridge contract to the Ethereum network. This contract facilitates the transfer of Ether (ETH) to the new network for covering gas fees. However, it’s important to note that the bridge does not have a web-based user interface (UI) and can only be accessed through a command-line interface or by running scripts.
During the initial “builder” phase, the team decided not to provide a publicly available bridge with a UI. This feature is reserved for the upcoming public launch, and developers are advised against launching their own UIs for their applications until then.
To commemorate the event, the team is offering builders the opportunity to mint a special nonfungible token (NFT) called “Base is for builders”. Additionally, any developer who deploys a contract to the network and completes a form on the project’s website will receive a “Genesis Builder NFT” as a token of appreciation.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
