Blockchain
Coinbase’s foray into the Layer 2 area seems to be making solid progress toward a mainnet debut shortly.
Meanwhile, a Coinbase official revealed the likely timing for the Base mainnet deployment. The mainnet will be launched in 2023 since the team prioritizes providing it as quickly as feasible.
Jesse Pollak, Coinbase’s Base lead and director of protocols, stated in an exclusive interview with TechCrunch that the mainnet launch is the team’s primary goal.
While no formal date has been provided, Pollak stressed the need to complete the mainnet as soon as feasible. Base seeks to bring together millions of developers and billions of blockchain users, enabling mainstream acceptance and innovation in the sector. Pollak stated:
“It’s coming soon, we are working hard on it. It’s our number one priority alongside decentralization goals and the rest of the year is really about making sure we get there as quickly as possible.”
For more than a decade, Coinbase has been a prominent participant in the crypto market. Base was introduced as a platform that allows developers to easily build applications that can be integrated into the Coinbase product suite for user convenience.
Pollak foresee Base and Coinbase working together to bring a large number of developers and users on-chain, hence accelerating the expansion of the blockchain ecosystem. According to the executive, the wider objective is to merge Base and Coinbase in order to get millions of developers and billions of users on the chain.
Base’s principal aims in the short term are to acquire mainnet status and decentralize its operations. Coinbase CEO Brian Armstrong has underlined the significance of decentralization, saying that Base must live up to that concept and ethos. Pollak anticipates that the process of decentralization will take months or years rather than a decade. The emphasis is still on making everyday progress toward this objective.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
