BASE AND OPPORTUNITIES CREATED FOR BUILDERS

• Introduction to Base

• Why Base

• Diverse opportunities available to Builder

  INTRODUCTION TO BASE

Base by Coinbase is a layer2 blockchain network under Ethereum wich has be proven to increase transaction speed, security and accessibility while reducing costs. Unlike other blockchain networks, Base is specifically built as a layer2 network under Ethereum blockchain to support decentralized applications (dApps). Base uses what’s known as Ethereum’s Layer 2 blockchain. The Layer 2 blockchain is designed to perform transaction-heavy work with speed, keeping costs lower for the main Ethereum blockchain (Layer 1). In the world of blockchain, Layer 1 refers to the base layer of a blockchain network, like Ethereum or Bitcoin, where transactions are processed and recorded on the main blockchain. However, Layer 1 networks often face scalability issues, meaning they can only handle a limited number of transactions per second (TPS). This can lead to slow processing times and high transaction fees, especially during peak usage periods.To address these challenges, Layer 2 solutions were introduced. Built as an Ethereum Layer 2 (L2) blockchain network, Base is designed to increase performance, interoperability and scalability while decreasing transaction costs and settlement time. Base processes transactions off-chain through a mechanism known as “rollups,” bundling multiple transactions together and submitting them as a single batch to Ethereum’s Layer 1 for validation. This approach reduces costs and load on the main Ethereum network. Because of this approach, Base can offer low transaction fees, faster transaction times and full compatibility with Ethereum processes.

WHY BASE

Aside its low transaction fees and faster transaction times, base offers other key advantages for both individuals and businesses:

• Faster transactions: Base processes transactions quicker than the main Ethereum network, making it more efficient and user-friendly, especially during peak network activity.

• Lower fees: One of the biggest draws of Base is its significantly lower transaction fees compared to the main Ethereum network, making it a better option for frequent users.

• Interoperability: Base supports a wide variety of blockchain applications and services, including decentralized exchanges, DeFi platforms and NFTs.

• Developer-friendly: Developers can run their existing Ethereum-based applications on Base without having to overhaul their code.

• Scalability: Base offers increased scalability, so it can handle a higher volume of transactions efficiently.

• Accessibility: Base is linked with Coinbase and as such provides users with easy access to a wide range of services, including exchange functionalities, wallet services, and more. This integration makes it easier for users to transition from traditional finance to decentralized finance (DeFi).

  DIVERSE OPPORTUNITIES AVAILABLE TO BUILDERS

Unlike other Blockchains, Base is more than just Blockchain (transactions and trading), Base is far more superior with the introduction of a community. This community consist of builders and numerous channels, these channels focuses on the contribution of different builders showcasing different skills which include; writing, content creation, photography, art, developer etc. Base is for everyone, the beginner-friendly channels that are easy to navigate and engage, as a content writer, there’s a lot of ways to apply that particular skill in the various channels, all you need it to be creative. As a writer, just like me Base provides options of writing on various up-to-date articles and blogs on base and its impact. As a photographer or artist, there’s avenue to showcase their arts (pictures and nfts). As a developer there’s options to build frames as well. There’s a channel for everyone to showcase their skill, as a newbie, intermediate and professional , Base is for everyone.