Bankless23 Feb 2023

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!

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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

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Resources:

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

Coinbase
https://twitter.com/coinbase

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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

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