@saryna
šš¦ What is Base and why was it created?
Base is a Layer 2 network on the Ethereum blockchain launched by Coinbase.
What does Layer 2 mean? It processes transactions off the main network and then records the results on Ethereum.
š¹ What are the advantages?
Transaction fees are much lower.
Transaction confirmation speed is faster.
Compatible with all Ethereum smart contracts and DApps.
š¹ How does it work?
Base uses Optimistic Rollup technology:
It groups transactions, sends them to Ethereum at once, and thus reduces costs.
š¹ Why is it important?
Direct support from Coinbase
Open source and transparent
A good platform for new projects, NFTs, DeFi, and even airdrops
š” Tip: Using Base can be attractive for users looking for low fees and high speed, especially for new projects.
#Base #Coinbase #Layer2 #Ethereum #Blockchain #Crypto #baseapp