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Coinbase has launched Base, an Ethereum-focused layer-2 (L2) blockchain.
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Base is designed to make it easy for developers to build dApps and for users to access them.
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Coinbase's goal is to bring a billion users into the crypto economy.
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Base is a "secure, low-cost, developer-friendly" chain that helps builders create dApps on-chain.
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Base is built on the MIT-licensed OP Stack in collaboration with Optimism.
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Numerous crypto businesses and platforms have committed to building on Base.
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These include Blockdaemon, Chainlink, Etherscan, Quicknode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole, and Gelato.
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Coinbase has focused on trading and exchange, but it wants to expand into the developer space.
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Developers currently find it hard to build useful decentralized applications.
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Coinbase hopes to solve this problem by building Base.