Base is a [[Layer-2]] #blockchain scaling solution launched in 2023 by [[Coinbase]]. Key developments: - 2023: Launched by Coinbase - Built on Optimism's OP Stack - Mainnet launch in August 2023 - Rapid ecosystem growth Features: - Ethereum Layer-2 scaling solution - Low transaction costs - Fast transaction speeds - EVM compatibility - Optimistic rollup technology Key focuses: - [[Decentralized Finance (DeFi)]] applications - [[NFT]] platforms - Gaming - Social applications - Integration with Coinbase products The platform aims to provide efficient scaling for [[Ethereum]] applications while leveraging Coinbase's infrastructure and user base, becoming a significant player in the Layer-2 ecosystem.