- Coinbase is set to launch the Base mainnet in 2023, after unveiling a testnet version of the Ethereum Layer 2 network in February 2023.
- The Base mainnet launch is a priority for Coinbase, with plans to unite builders and users on the blockchain.
Coinbase to Launch Base Mainnet in 2023
Crypto exchange Coinbase is making steady progress towards launching the Base mainnet, its Ethereum Layer 2 network. The Base platform was launched in February 2023 as a platform for developers to build apps and plug into the Coinbase product suite for user convenience. The developers have recently updated that the Base mainnet is now a priority.
Potential Timeline for Base Mainnet Launch
Jesse Pollak, the Base lead, revealed that the mainnet launch is planned for 2023, with the team prioritizing delivery as soon as possible. However, official dates for the launch are yet to be announced. Pollak stated that the launch is now the number one priority, with a larger plan to unite Base along with Coinbase to bring “million developers and billions of users on chain.”
Uniting Builders and Users on the Blockchain
The launch of the Base mainnet is a potential rival to existing layer 2 blockchains, considering the wide reach of the crypto exchange. Pollak reiterated that the overall vision is to unite builders and users on the blockchain. The team is working hard to ensure that the launch happens as quickly as possible, alongside decentralization goals.
The launch of the Base mainnet by Coinbase is a significant development that could bring millions of developers and billions of users on the blockchain. The testnet version of the Ethereum Layer 2 network was unveiled in February 2023, and the priority given to the Base mainnet launch shows the progress Coinbase is making in the Layer 2 space. The plan to unite Base along with Coinbase could make the platform a potential rival to existing layer 2 blockchains.