Chivaldo
@chivaldo
Just felt like putting up this little thread 🧵 on @base. Walk with me as we explore the base ecosystem. Base is a blockchain developed by Coinbase, a well-known cryptocurrency exchange. Here are some key points about Base.
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Chivaldo
@chivaldo
Key Features about base ✓ Layer 2 Scaling solution: Base is built as a layer 2 Scaling solution in the Ethereum blockchain, aiming to improve scalability and reduce transaction costs. ✓ Ethereum compatibility: Base is designed to be fully compatible with the Ethereum ecosystem, allowing seamless integration
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Chivaldo
@chivaldo
with existing Ethereum application and tools. ✓ Coinbase integration: As Coinbase developed blockchain, Base is likely to have strong integration with Coinbase's products and services, potentially making it easier for users to interact with the blockchain.
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Chivaldo
@chivaldo
✓ Security: Base leverages the security of the Ethereum mainnet while providing additional scalability features. Potential Use Cases ✓Decentralized application (dApps): Base can support the development of decentralised applications, including Defi, gaming, and social media platforms.
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Chivaldo
@chivaldo
✓ Decentralized finance (DeFi): The blockchain's focus on scalability and low costs can make it an attractive platform for DeFi applications. ✓ NFTs and digital assets: Base can also support the creation, trading, and management of non-fungible tokens (NFTs) and other digital assets.
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Chivaldo
@chivaldo
The base ecosystem keeps developing and it's adoption and features/use cases might evolve over time.
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