Base Network Vs Other L2 Network

A Layer-2 network functions on top of a foundational blockchain protocol (specifically, Ethereum), conducting transactions away from the Ethereum mainnet (Layer 1). This approach delivers several advantages for developers and users alike, including enhanced scalability and efficiency, accelerated transaction speeds, reduced gas fees, and a consistent adherence to security and decentralization principles, as maintained by the mainnet (Layer 1). About Base Base, on the other hand, represents an Ethereum Layer 2 (L2) chain designed to provide a secure, cost-effective, and developer-friendly environment for on-chain activities. Base is built as an L2 solution in collaboration with Optimism, operating within Coinbase's incubation program. Leveraging Coinbase's extensive experience in developing cryptocurrency products spanning the past decade, Base's long-term vision includes a gradual process of decentralization.