Coinbase Base L2 Reveals Mainnet Launch Criteria
Base, the Layer-2 (L2) Ethereum-based blockchain protocol connected to the American cryptocurrency exchange Coinbase Global Inc., has published some fundamental standards that will direct its upcoming mainnet deployment. The effort to launch the Base protocol’s mainnet depends only on getting the safety and security features just right, according to the notification posted to the Base protocol’s official Twitter account.
Although not news, the layer-2 protocol stated that it has no plans to provide a native token for the Base protocol, which goes against the fundamental design philosophy of most L2s. The protocol acknowledged that it has encouraged a number of creative projects to build on its platform ever since it released its testnet. Base stated that it intended to gradually increase the number.
(With inputs from Shikha Singh)
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