Coinbase, the second largest crypto exchange by trading volume, has launched
Base, an Ethereum-focused layer-2 (L2) blockchain, Jesse Pollak, lead for Base and head of protocols at Coinbase, told TechCrunch.
In the past, Coinbase has homed in on the trading and exchange side of its business, but from the utility perspective, it’s still too hard for developers to build useful decentralized applications (dApps) and for users to actually use those things on-chain, Pollak said.
In an effort to expand further into the developer space, Coinbase is building Base to make it “dead easy” for developers to build dApps and for users to access those dApps through Coinbase products, Pollak said. “Our goal is to bring about phase 4 of
Coinbase’s master plan: to bring a billion users into the crypto economy.”
techcrunch.com
