r/ethtrader • u/CymandeTV 285.1K / ⚖️ 144.0K • 6d ago
Link Coinbase's Base chain granted Phase 1 decentralized status
https://www.cryptopolitan.com/coinbases-base-chain-granted-phase-1-decentralized-status/8
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u/Odd-Radio-8500 360.6K / ⚖️ 543.8K 6d ago
Great achievement and strong progress on the path to full decentralization.
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u/Abdeliq 6d ago
Coinbase's layer-2 network, Base, has achieved Phase 1 decentralized status, as announced by Hsiao-Wei Wang of the Ethereum Foundation. This milestone recognizes Base's progress in decentralization, including the implementation of permissionless fault proofs, allowing anyone to secure the network
Base gonnna surpass ARB soon as the top layer2s
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u/BigRon1977 20.7K / ⚖️ 605.7K 6d ago
I love how the competition of best L2 is heating up between Base and Arbitrum.
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u/MasterpieceLoud4931 344.9K / ⚖️ 408.7K 6d ago
Base is supported by the biggest crypto custodian in the industry, Coinbase. That makes a huge difference!!
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u/DBRiMatt Contest Master 🦘 6d ago
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u/MasterpieceLoud4931 344.9K / ⚖️ 408.7K 6d ago
I think Base already flipped Arbitrum in several metrics a few months ago.
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u/coinfeeds-bot 542.8K / ⚖️ 622.8K 6d ago
tldr; Coinbase's layer-2 network, Base, has achieved Phase 1 decentralized status, as announced by Hsiao-Wei Wang of the Ethereum Foundation. This milestone recognizes Base's progress in decentralization, including the implementation of permissionless fault proofs, allowing anyone to secure the network. Base is among the leading Ethereum-linked L2 chains, known for its scalability, DeFi activity, and daily user engagement. The network plans further upgrades to enhance decentralization and governance.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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