On February 23, Coinbase made the official launch of Base.
Base has not announced a specific date for the mainnet launch.
In anticipation of Base’s mainnet launch, Coinbase affirmed on Wednesday that its Ethereum Layer-2 network had been subjected to extensive security evaluations conducted by researchers. Reports indicate that Coinbase commissioned a six-month internal audit from its protocol security team to thoroughly test the security of Base, built on the OP stack in collaboration with Optimism, announced in February.
Coinbase stated:
The team audited all of Optimism’s pre-deployments and smart contracts on both layer 1 and layer 2 to identify potential vulnerabilities of security risks.
The purpose of Layer-2 solutions is to enhance the cost-effectiveness and efficiency of transactions on networks such as Ethereum. These solutions achieve this by processing transactions in a separate space and subsequently relaying the outcomes back to their respective network.
While Base has not announced a specific date for the mainnet launch, it has clarified that unlike another layer 2 blockchains such as Polygon, Optimism, and Arbitrum, it will not introduce a native token into its ecosystem.