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How Base Blockchain Makes Ethereum Faster and Cheaper Without Cutting Corners

  • Ethereum's challenge lies in sacrificing one of the three pillars of blockchain: Decentralization, Security, and Scalability.
  • With Base, a layer-2 scaling solution, Ethereum's scalability issue can be solved without sacrificing decentralization and security.
  • Base was developed by Coinbase as a platform that scales Ethereum by offloading transactions to off-chain processing, bundling them into a batch and submitting the batch to the Ethereum blockchain.
  • Base's features include EVm compatibility, Account Abstraction, Easy-to-use API, and Coinbase support.
  • The layer-2 solution also uses Optimistic Roll-up to optimize transaction processing.
  • The benefits of using Base include low costs, high transaction speed, security, and gasless transactions.
  • Base is currently faced with centralization and withdrawal delays, but it has use cases in DeFi, NTFs, and Gaming industries.
  • Base Blockchain is a promising solution that has the potential for growth in the future.

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