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Coinbase Announces Base🔵, an Ethereum L2 Network Powered by Optimism - Rich X Search Crypto
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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 

——
Resources:

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

Coinbase
https://twitter.com/coinbase 

—–
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

9 thoughts on “Coinbase Announces Base🔵, an Ethereum L2 Network Powered by Optimism

  1. Denversupermarket says:

    Awesome news. Gotta be honest not sure how the economics around a sequencer and mev work without a token yet, but excited to see what they’ll do!

  2. bob muller says:

    Can't believe these idiots have a show and are not worshipping Richard Heart for being correct about everything

  3. El Lobo says:

    Coinbase should do an airdrop to everyone staking eth2 lol

  4. Crypto Grandma Talks says:

    BASE is already a 1 yr tradable staking token using HEX to stake used also in TEAM – on ethereum blockchain

  5. Cochino says:

    I thought arbi is here, this sucks

  6. booooom says:

    The arbitrum team should make an announcement, all the tweets are about arbitrum airdrop, they have to say something positive or not .

  7. ryan says:

    coinbase chain, coinbase token aka security that the sec will have the see them in court about, on behalf of the whole industry. which is why the other companies, tools, apps or chains were in support, it’s time.

  8. Hannes says:

    It's not the Arb drop. It's Coinbase launching their own chain, most likely.

  9. Tanmay Agrawal says:

    Wen Arb token?

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