Base: The New Power of Ethereum Layer 2 Networks

Base is a layer two network built on Ethereum, designed to provide users and developers with a more convenient and efficient blockchain experience. As an open-source project, Base is built on the OP Stack, inheriting the security of Ethereum while significantly reducing transaction costs.

The Main Advantages of Base

1. Security: With the underlying security mechanism of Ethereum, Base provides a solid guarantee for decentralized applications.

2. Efficient and low-cost: Base provides complete EVM compatibility while minimizing transaction costs.

3. Strong Support: As an important project, Base is able to gain abundant resources and tool support.

4. Open Source Philosophy: Base is committed to becoming a decentralized, permissionless open platform.

Vision for the Development of Base

The goal of Base is to become a bridge connecting different blockchain ecosystems, rather than an isolated system. It aims to provide users with a simple and secure channel to connect to the Ether mainnet, other Layer 2 networks, and even other public chain ecosystems such as Solana.

In terms of decentralization, Base plans to gradually achieve full decentralization in the coming years. It is expected to upgrade to phase 1 Rollup in 2023 and further upgrade to phase 2 Rollup in 2024.

As an open-source project, Base is built on the MIT license, welcoming developers worldwide to contribute, fork, and expand, jointly promoting the development of the crypto economy.

Project Milestones

• February 23, 2023: Base testnet launched
• February 24, 2023: Several well-known projects announced their participation in the Base ecosystem.
• March 4, 2023: Offering bounties for infrastructure developers at ETHDenver

2023 Roadmap

1. Launch a fault prover for OP Stack to enhance the security of the Base and Optimism mainnets.
2. Promote the decentralized upgrade process of smart contracts.
3. Launch the initial version of the super chain to achieve transaction ordering between multiple rollups.
4. 2024 Goals: Advance the Base and Optimism mainnets to the second stage Rollup, achieving a level of decentralization and security comparable to Ethereum.

The emergence of Base has brought new vitality to the Ethereum ecosystem. It not only provides users with a more convenient blockchain experience but also creates more opportunities for developers. With the continuous development of the project, Base is expected to become an important bridge connecting different blockchain ecosystems, promoting the development of the entire crypto economy.