Blockchain
Coinbase has set specific goals that must be met before considering launching its Layer 2 solution, Base. A critical requirement is the establishment of a proven track record of stability on the testnet.
For now, the company is incubating Base internally, but the plan is for the platform to be fully decentralized eventually. It is built on Optimism’s OP development stack, which means reaching the mainnet stage relies heavily on OP Labs’ efforts and contributions; a contributor to the Optimism protocol.
At this point, Base is awaiting Optimism’s upgrade of Bedrock, which it says will significantly reduce codebase complexity and length. The team behind Base also plans to conduct an infrastructure assessment with the OP Labs team, as well as to pass internal and external audits with “no critical severity issues,” according to a Coinbase representative.
One goal Base has already accomplished is setting up the Regolith hardfork, which took place on April 27, 2023. The planned upgrade was intended to “improve the security and reliability of the network,” according to an April 26 newsletter from Base .
Coinbase stated that it has set these goals because it wants to ensure that developers can wager successfully when it comes time for the official launch.
During what the crypto exchange calls the “genesis window” — from now until the mainnet is live — the Base core team will provide support and recognition via Discord to developers building dapps with the platform in mind.
Coinbase did not share an official timeline on the mainnet launch, but the company said it would share a more consistent update at a later date.