On August 9, 2023, Coinbase launched Base, a network aimed at enhancing the scalability of Ethereum blockchain. A key feature of this network is the absence of a native token.
Launch of Base and Its Goals
Coinbase has introduced **Base**, an Ethereum Layer-2 network intended to enhance blockchain scalability. This solution builds on Coinbase's extensive experience in the cryptocurrency industry and its collaboration with **Optimism Collective**. To prevent market distortions, Coinbase has avoided issuing a **native token**, which helps maintain stability on the platform.
Strategies to Drive User Engagement
The launch of Base could improve **Ethereum scalability** and user engagement. Using ETH for transaction fees will help maintain stability and foster network development. Meanwhile, the regulatory landscape for cryptocurrencies may shift, potentially increasing institutional interest in Base.
Precedents Set by Optimism and Arbitrum
Previous Ethereum Layer-2 launches, such as **Optimism** and **Arbitrum**, demonstrated significant increases in liquidity and developer interest. Experts indicate that Base's model without tokens provides unique advantages, suggesting it could reshape the Layer-2 adoption dynamics.
The launch of Base by Coinbase represents an important step in the evolution of blockchain technology, focused on increasing scalability and user engagement without distorting the market.
