- Base is reportedly planning to launch its mainnet before the end of this year.
- The short-term vision for the Ethereum-focused blockchain is to debut it on the mainnet and decentralize it.
- Base’s Chief has revealed the blockchain’s plans to separate from Coinbase within “months or years”.
- The Ethereum Layer 2’s testnet has already attracted several crypto projects.
Coinbase’s Layer 2 network Base is planning to launch its mainnet before the end of this year. Coinbase launched the Ethereum-focused blockchain’s testnet in February this year, marketing it as a secure, low-cost, developer-friendly network for the crypto community to build decentralized applications.
Base Wants To Decentralize From Coinbase Soon
In an interview with TechCrunch, Base’s lead Jesse Pollak revealed that the Layer 2 blockchain is aiming for its mainnet launch in 2023. Pollak, who also serves as the Head of Protocols for Coinbase, added that the short-term vision for Base is to debut it on the mainnet and decentralize it. The long-term vision is to attract a million builders to the network to build easy-to-use products that will then attract a billion users.
“It’s coming soon, we’re 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.”
Jesse Pollak, Base Lead & Coinbase Head of Protocols
Jesse Pollak also disclosed that Base is planning to become decentralized from Coinbase within “months or years” and not a decade. Coinbase Chief Brian Armstrong reportedly said to Pollak, “We can’t not decentralize this. We have to live up to that value and to that ethos.”
Since going live in testnet earlier this year, Base has attracted several builders and crypto projects. Uniswap and Aave are reportedly among the protocols that are being recruited to the Layer 2 network. DeFi crypto exchange GMX is also considering deploying on Base. Other crypto entities that have committed to building on Base include Chainlink, Etherscan, Magic Eden, Nansen, Wormhole, Dune, and Animoca Brands