Coinbase’s Layer 2 network Base has launched its mainnet for developers building decentralized applications (dApps), following the successful completion of its launch criteria.
In an announcement on Thursday, the Base team invited early builders to deploy their projects on the mainnet, but hold off on disclosing their user-facing dApps until early August when the network will officially be open to the public.
The mainnet launch was dependent on a careful, multi-step criteria that prioritized safety and security, ensuring the best experience for builders and users.
Over the last few months, we’ve successfully completed every criteria.
✅✅✅✅✅ pic.twitter.com/vx1PdscVby
— Base (@base) July 13, 2023
Coinbase first unveiled the creation of Base in February, with plans to make it the home for dApps building on Ethereum, offering more affordable and faster transactions. Base is built on the same codebase as Optimism, the Ethereum Layer 2 scaling solution developed by OP Labs, making every critical Optimism upgrade equally important for Base.
“The successful upgrade of Optimism’s Bedrock release on June 6 gave us confidence in the release and improved the underlying OP Stack platform with reduced transaction fees, shorter deposit times, improved proof modularity, and enhanced node performance,” said the Base team.
By opening up the mainnet for builders, Base will now have two functioning block explorers in addition to a Remote Call Procedure (RPC) node, which allows developers to call a function to a remote server.
During this time, builders will also be able to bridge their ETH to Base for gas deployments using a proxy contract. However, the Base team noted that there won’t be a publicly available user interface (UI) for the bridge until the public launch.
According to data from BaseScan more than 1.2 million transactions have been processed on the network since it has been up and running.
