Coinbase assures users that its new Base network is indeed permissionless, addressing centralization concerns. The Ethereum-based Layer-2 blockchain, Base, is taking significant steps towards decentralization. Amidst the launch of the new blockchain, Coinbase has assured that the new Base network is 'permissionless'.
Coinbase's Base Network: Permissionless and Decentralized
One of the most anticipated arrivals from Coinbase has been their new Base Network. Coinbase protocols lead Jesse Pollak addressed concerns about the centralization of Base, claiming that the Layer 2 is permissionless and that Coinbase aims to foster a truly open ecosystem. This declaration is crucial for developers and users seeking a truly decentralized experience.
Base Introduces Fault Proofs for Enhanced Security
The Ethereum Layer 2 network Base is set to enhance its security and reliability by launching Fault Proofs on its mainnet. This upgrade will reportedly bring added security measures to the blockchain.
Base: A Significant Step Towards Decentralization
Coinbase's layer-2 solution, Base, has introduced fault proofs on its mainnet in a significant step towards decentralization. The Base team announced this development in its X post, highlighting its commitment to a permissionless environment. This development marks a crucial milestone in the evolution of Base, solidifying its position in the Layer 2 landscape. The introduction of fault proofs on Base's mainnet is set to become more decentralized.