Deep in the engine house of the Web3 domain, the unseen cogs of progress are beginning to move. Following the launch of Consensys’ Linea blockchain, Coinbase is about to follow suit with its equally impressive Basic network.
Base will differ slightly from its MetaMask-affiliated competitor and will use Optimism Rollups as opposed to Linea’s Zero Knowledge equivalent. Essentially, this means basic transactions will occur at slightly slower speeds, but will represent a more secure process as the network has to validate those transactions first down the chain. But even with this slowdown, Base will outperform Ethereum in almost every way.
Layer 2 networks like Base came about because Ethereum tends to get congested during periods of high transaction volume. To remedy this, a new generation of Ethereum-enabled sidechains has emerged that perform off-chain bulk transactions and relieve pressure on the parent network.
What this means for the average user is that they can use Ethereum compatible applications and tools with faster transaction fees and faster processing times. In addition to the fact that developers can quickly deploy new decentralized applications (dApps) using the infrastructure.
Do you want to prepare for Onchain Summer? All you need is a wallet funded with ETH on Base
Learn how to Bridge and Strike a Commemorative NFT (Available until the end of August)https://t.co/pQJ7MzcDDL pic.twitter.com/qZGGqmPFZf
— Base ????️ (@BuildOnBase) August 3, 2023
Base gets off to a flying start with Onchain Summer
To celebrate the mighty rollout to the public on August 9, Base Network has launched its impressive Onchain Summer event. This powerful initiative allows fans of the blockchain to participate in a summer-long spectacle of art, music, gaming and more!
In addition, those who jump on the basic freight train early by building a bridge to the network can claim a free NFT for their troubles. In short, rewarding early adopters with a high-tech digital collectible!
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*All NFT Plazas investment/financial opinions are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research each product before making any kind of investment.