Skip to main content

Coinbase’s Rollup Base Updates Roadmap and Goals for 2024

Coinbase's Rollup Base Updates Roadmap and Goals for 2024

Base, the Coinbase incubated rollup, has updated its roadmap and goals for 2024. In a blog post, Base informed that it will not only focus on building a development platform but on fostering the decentralization of such an environment, building on-chain apps, and bringing liquidity to its ecosystem.

Base to Focus on Building a ‘New Economy’ in 2024

Base, the Coinbase incubated Ethereum rollup, has revealed an updated roadmap for 2024. The rollup indicated that it will now focus not only on building a “world-class on-chain development platform” but also on the apps that can be built on top of it and the capital that moves through them.

This commitment comes as part of the new conception of the Base ecosystem, which is now conceived as a three-layer platform, with an app ecosystem layer and a market layer on top of its development component. For this task, Base wants to establish itself as a rollup with a large capital component, coming from native and interconnected apps from Ethereum and other rollups.

With this new set of goals, Base aims to attract “over 1 billion people to a flourishing ecosystem of applications that enable the next wave of global creativity and innovation.”

Technically, this involves different sets of tasks, which include launching fault proofs to evolve to a Stage 1 rollup, the reduction of fees by the adoption of EIP-4844 (Proto-Danksharding), advancing the adoption of ERC-4337 and smart wallets, improving the availability of Base’s on and offramps, and further integrating Base into Coinbase’s ecosystem.

On the human side, Base announced it will keep supporting developers with its Grants program and supporting gasless interactions and coding learning initiatives. According to L2beat, Base is currently the third rollup with most total value locked (TVL), with over $700 million in its network.

In September, Base grew to have a TVL of $370 million, overtaking Solana’s numbers at the time.

What do you think about Base’s updated roadmap and goals for 2024? Tell us in the comments section below.



from Bitcoin News https://ift.tt/DENzSqP

Comments

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...