Coinbase layer-2 network Base hits 136,000 daily active users
Around 30% of Base's users on Aug. 10 were new to the blockchain which launched only a day prior.
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Around 30% of Base's users on Aug. 10 were new to the blockchain which launched only a day prior.
Coinbase's Base network completed its phased launch on Aug. 9, and is officially open to end-users.
Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000.
Base’s layer-2 mainnet has launched, allowing builders to deploy contracts, while users will be welcomed to the network in August.
The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software.
“Lightning is great and something we’ll integrate,” Armstrong said in response to an allegation that he was “ignoring” the network.
Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out Anti-Money Laundering checks.