Coinbase Announce Base, the New Layer 2 Solution

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Coinbase announced the testnet launch of Base, an Ethereum Layer 2 protocol. It also brushes off the rumors of a new coin.

The Brian Armstrong-led company aims to bring the next billion people to Web3 with its new Ethereum Layer-2 protocol. The company classifies it as “a secure, low-cost, developer-friendly.”

This is a developing story.

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BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

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