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International Business Times
International Business Times
Business
Marvie Basilan

Base Officially Reaches Stage 1 Decentralization – What's Next For Popular Layer 2?

Base is an Ethereum Layer-2 blockchain developed by crypto giant Coinbase. (Credit: Base on X)

KEY POINTS

  • The milestone builds on Base's launch of its Fault Proofs on Base Mainnet in October
  • It also established a security council consisting of 10 independent entities
  • The achievement enables Base to have a stronger security system and further decentralized control

Coinbase-developed Layer 2 blockchain Base announced Tuesday that it has reached Stage 1 decentralization, marking a key milestone in its journey toward pioneering an open, global onchain economy.

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