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Coinbase's Base Network Reaches 'Stage 1' Status: A Step Towards Decentralization
Base, the popular layer-2 network incubated by cryptocurrency exchange Coinbase (COIN), has achieved “stage 1” rollup status, according to the company, marking a significant advancement towards complete decentralization. This transition aligns Base with other layer-2 networks that have attained this milestone, reducing their dependence on centralized entities. The ‘stage 1’ designation introduces…
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Optimism Launches Ethereum Testnet for L2 Scaling Solutions
Optimism Launches Ethereum Testnet for L2 Scaling Solutions
Ethereum scaling startup Optimism has announced the launch of a limited testnet.
Once the research-oriented nonprofit Plasma Group, in January 2020 Optimism morphed into a for-profit company backed by $3.5 million in venture funding. Since then, Optimism has been focused on building a Layer-2 (L2) solution using a tool called “optimistic rollup.”
The idea behind “rollup” is to make transactions…
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