CoinBase Finally Becomes Truly Decentralised 😎

GM Guys and Gals,

Coinbase has done it again! No, they didn't just add another token to their platform. This time, they have launched their very own layer-2 network called Base.

Why? Because why not? I mean, who needs existing layer-2 solutions when you can just create your own? It's like building your own house instead of buying one, right?

According to Coinbase, Base is a developer-friendly, low-cost, and secure environment for building decentralized apps. And they're not just stopping there! Base is also designed to be a bridge to bring users into the crypto economy. Talk about a one-stop-shop!

But wait, there's more! Coinbase plans to make Base interoperable with other chains and offer easy fiat on-ramps. I mean, why not make it easy for people to join the crypto world and never leave, right?

And just in case you were wondering, Coinbase has no plans to issue a new network token. Because why create a new token when you can just use existing ones, right?

Base will be built on the "OP Stack" used by Optimism. It will start off highly centralized, but Coinbase has assured us that it will decentralize over time. So, just sit back and relax while Coinbase slowly but surely relinquishes control.

Oh, and did we mention that Base will be "fully open source and freely available"? That's right, folks! You can build on Base to your heart's content.

Coinbase intends Base to be an easy-to-use network for its customers to get familiar with using crypto. But don't worry, they want you to "start on Base, but go everywhere." Because why limit yourself to just one network when you can go everywhere?

In summary, Coinbase has launched its very own layer-2 network, Base, and plans to take over the crypto world with it. But who needs other layer-2 solutions or existing tokens when you have Coinbase, right?

Until next time, keep HODLing and laughing at Coinbase's attempts to take over the world.

As the crypto world continues to evolve, we will keep you updated on all the latest developments. Stay tuned for more updates from Web3shala.

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That’s it for the day, Web3Shala 👋

To the Moon 🚀