Coinbase Seeks New Income Stream From Layer 2 Community



Coinbase (COIN), the big publicly traded U.S. crypto alternate, mentioned its new Base blockchain, a “layer 2 community,” has gone live, heralding the beginning of a brand new period of public corporations working their very own distributed networks. Base was already reside for testing by builders, and it turned open to the general public at midday ET on Wednesday. The transfer may finally enable Coinbase to garner charges from working its personal blockchain, along with a probably much more profitable stream of income from functions constructed atop it, executives say. Layer 2 networks are constructed atop base ones, relieving congestion on the underlying community. Base is constructed upon the Ethereum blockchain.

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