Coinbase Announces a new Blockchain
One of the crypto stories that traders and enthusiasts should remember this week is Coinbase launching their new blockchain. It might even affect Bitcoin price after the launch of this new blockchain. In recent months, Coinbase has been in the news for the wrong reasons, from receiving penalties to getting into legal battles. But recently, they announced that they would be launching their new blockchain on their exchange.
The new blockchain that Coinbase has announced is known as Base, and it will be a testnet version developed using a software stack called "OP Stack." Optimism, a popular Layer 2 blockchain, made the software stack, which is said to bring many benefits to the platform. Coinbase users are already expecting many changes on the platform due to the launch of the new blockchain.
Coinbase says the new blockchain will allow developers to build decentralized apps (dApps) on the platform cheaply. They also promised that the new blockchain would allow users to sell and buy cryptocurrencies better. With the introduction of the new blockchain, Coinbase also announces that it will release a Base Ecosystem Fund to support projects building on the blockchain.
