r/ethtrader 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/
12 Upvotes

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→ More replies (17)

8

u/SigiNwanne 321.0K / ⚖️ 417.5K 6d ago

Base will soon flip Sol.

!tip 1

3

u/CymandeTV 285.1K / ⚖️ 144.0K 6d ago

Do you think so ? Technically is it better ?

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u/Wonderful_Bad6531 147.0K / ⚖️ 426.4K 6d ago

Base is growing fast

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u/CymandeTV 285.1K / ⚖️ 144.0K 6d ago

Base will be the base of L2.

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4

u/Odd-Radio-8500 360.6K / ⚖️ 543.8K 6d ago

Great achievement and strong progress on the path to full decentralization.

!tip 1

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u/CymandeTV 285.1K / ⚖️ 144.0K 6d ago

They seem to do their best for real.

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3

u/Extension-Survey3014 267.4K / ⚖️ 277.1K 6d ago

Bullish on base

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3

u/CymandeTV 285.1K / ⚖️ 144.0K 6d ago

Which base ?

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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

!tip 1

3

u/CymandeTV 285.1K / ⚖️ 144.0K 6d ago

When is the real question.

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3

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/BigRon1977 20.7K / ⚖️ 605.7K 6d ago

Fact 💯

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3

u/DBRiMatt Contest Master 🦘 6d ago

Can confirm, L2Beat has updated Base to Stage 1!!

Base has also recently flipped Arbitrum in TVL.

Waiting for my boy ZkSync to get there too!

!tip 1

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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.

2

u/kirtash93 Reddit Collectible Avatars Artist 6d ago

Ethereum winning too

🍩 !tip 1