Base: Building a bridge for the Ethereum ecosystem

Base is an Ethereum Layer 2 network built on the OP Stack. It aims to provide users with a secure, efficient, and low-cost blockchain experience while maintaining a close connection with the Ethereum mainnet.

The main features of Base

1. Security: Utilize the underlying security mechanisms of Ethereum, combined with the best practices of a professional team.

2. High performance and low cost: Provides complete EVM compatibility while significantly reducing transaction fees.

3. Strong support: Users can easily access various products and tools, serving over 100 million verified users.

4. Open Source and Openness: Committed to achieving a decentralized, permissionless open ecosystem.

The Original Intention of Building Base

The team hopes to promote the development of more native on-chain products through Base, making dApps easier to use, safer, and more cost-effective. This will help bring billions of users into the crypto economy.

Base will also accelerate the development of on-chain products, becoming a bridge that connects Ethereum, other L2s, and various public chain ecosystems. At the same time, it also represents further investment in core cryptocurrency infrastructure.

Key Principles

1. Interoperability: Become a bridge between ecosystems, not an island.

2. Decentralization: Gradually achieving complete decentralization.

3. Open source: Built on the OP Stack based on the MIT license, community contributions are welcome.

4. Inclusivity: Build an open ecosystem that welcomes everyone to participate.

2023 Roadmap

• Start the fault proofing device to enhance security.
• The upgradability of decentralized smart contracts
• Launch the initial version of the super chain
• Promote Base to the second phase Rollup

Future Outlook

Base and Optimism are committed to building a multi-chain interoperable superchain ecosystem. This will achieve lower interaction costs and higher asset liquidity.

Although it currently does not issue tokens, Base still faces the challenge of seeking a balance between regulatory compliance and user appeal. Its future development is worth continuous attention.