Coinbase Globlal, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Founded by Brian Armstrong in San Francisco, California, on June 2012, this company focused in Cryptocurrency with a service to buy and sell bitcoins through bank transfers launched on October 2012.

This company launched different products such as:

• Coinbase, a centralized exchange App to buy, store and trade different cryptocurrencies.
• Coinbase Wallet, a self-custody crypto wallet.
• Coinbase NFT, a NFT Marketplace.
• And many others.

But now they decided to launch Base an Ethereum Layer 2 network which will serve as a home for all these products and be an open ecosystem where anyone can build. This network will operate with ether $ETH withouth plans from Coinbase to issue a new network token.

Base Links:

• Base.org

• Base Developer Docs

• Base Discord

• Base Twitter

• Base Blog

Base is (by Coinbase Blog Article):

• Secured by Ethereum: Base is built with the security and scalability you need to power your decentralized apps. It leverages the underlying security of Ethereum, along with Coinbase’s best practices, to enable you to confidently onramp into Base from Coinbase, Ethereum L1, and other interoperable chains.

• Empowered by Coinbase: Base makes it easy to build decentralized apps with access to Coinbase’s products, users, and tools. Seamless Coinbase product integrations, easy fiat onramps, and powerful acquisition tools enable developers to serve the 110M+ verified users and to access $80B assets on platform in the Coinbase ecosystem.

• Big features, small fees: Base offers full EVM equivalence at a fraction of the cost and is committed to pushing forward the developer platform. Set up gasless transactions for your dapps with easy developer APIs for account abstraction, and securely build multichain applications with easy-to-use bridges.

• Open source: Base aims to be decentralized, permissionless, and open to anyone with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism. We’re joining Optimism as a Core Dev on the open source OP Stack, and working to create a thriving community of other developers. 

Explanation by Coinbase Blog Article:

To bring in billions of users to the cryptoeconomy, dapps need to be easier, cheaper, and safer to interact with. For this to happen, we need to make it even easier for developers to build these dapps. As we’re building Base, we are explicitly adhering to a few core principles: 

A bridge, not an island

We’re designing Base to provide easy, secure access to Ethereum L1, other L2s, as well as other L1 ecosystems like Solana. We encourage them to start on Base, but go everywhere: we see Base as a “bridge” for users into the cryptoeconomy. It’s an easy-to-use default onchain experience with access to products on other chains. Along with making Base interoperable with other chains, we will continue supporting as many chains as possible across Coinbase products.

Open source

Foundational software for the global cryptoeconomy should be fully open source and freely available. Base is built on the MIT-licensed OP Stack, in collaboration with Optimism. We’re joining as the second Core Dev team working on the OP Stack to ensure it’s a public good available to everyone. We see this toolkit as an open platform that anyone can contribute to, fork and extend to help the cryptoeconomy scale. Learn more about how we’re working with Optimism.

Decentralized

Decentralization is essential for the cryptoeconomy to remain open, global, and accessible to everyone. While we’ve begun incubating Base inside of Coinbase, we are deeply committed to progressing towards full decentralization over the years ahead. With the increased resourcing that Coinbase brings to the OP Stack, we are confident Base will progress from a Stage 0 to Stage 1 rollup in 2023 and a Stage 2 rollup in 2024. Learn more about our approach to decentralization here.

For everyone 

Base has a vision to be an open ecosystem, seeded with Coinbase products, users, and assets. We’ll work with the broader community to bring the chain to life. We're thrilled to have an incredible community who will contribute to making Base a robust ecosystem.