Coinbase's Base Ethereum Layer 2 Network Prepares for Launch

Coinbase's Base, an Ethereum layer-2 network, is progressing towards its mainnet launch. With safety and security as top priorities, Base aims to onboard millions of developers and one billion users into the crypto-economy. The testnet phase has showcased various use cases, from gaming and NFTs to DeFi and payments. Two out of five launch criteria have been completed, including a successful hard fork and infrastructure review. The remaining tasks involve the Optimism Bedrock upgrade, audits, and ensuring testnet stability. The update didn't provide a specific timeframe for the mainnet launch, emphasizing safety and communication as primary concerns. Additionally, Coinbase has partnered with Bitpanda to facilitate European banking connections for its clients.