Coinbase Announces Base🔵, an Ethereum L2 Network Powered by Optimism

Jesse Pollock, Senior Director of Engineering at Coinbase, joins us to unpack some of the hottest news in crypto since The Merge! 

Coinbase announces the launch of “Base,” their own L2 built on the OP Stack. Tune in to hear everything you need to know about Base! 

------ 📣 MetaMask Learn | Learn Web3 with the Leading Web3 Wallet https://bankless.cc/ 

------ 🚀 JOIN BANKLESS PREMIUM:  https://newsletter.banklesshq.com/subscribe 

------ BANKLESS SPONSOR TOOLS: 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 

🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap 

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 

👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist 

------ Topics Covered

0:00 Intro 7:53 Coinbase’s New Chain? 8:45 What is Base?  9:36 How is Base Different? 11:16 How Open is Base? 13:05 Why Now?  17:00 ETH L2 Philosophy  20:00 2nd Mover Advantage & Success Metric 22:26 Total Coinbase Users 25:15 How Base Will be Used By Coinbase Users 29:35 $COIN 31:13 Could Base Canoblize Coinbase?  32:35 Regulation  35:30 Base Token?!  40:26 Validator Set  39:10 Sequencer Power 40:53 Timeline  42:55 Basechain Vision  48:55 Why OP Stack? 52:57 Jesse as a Badge Member   54:47 Gas-Free Percentage 56:22 Superchain Vision 58:46 KGZ Ceremony  1:00:41 What Does Successful Base Look Like?  1:06:13 Closing & Disclaimers 

------ Resources:

Jesse Pollak (jesse.xyz) https://twitter.com/jessepollak 

Coinbase https://twitter.com/coinbase 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures