CoinCarp Blog

Bitcoin  is the first and most popular cryptocurrency in the world, with a market capitalization of over $1 trillion as of February 2024. Bitcoin is also a decentralized and secure payment system that operates without intermediaries or central authorities. Bitcoin enables peer-to-peer transactions across the globe, with low fees and high transparency. However, Bitcoin also faces some challenges, especially when it comes to scalability. The Bitcoin network can only process about seven transactions per second (TPS), which is far below the demand of millions of users. Moreover, the average block confirmation time of 10 minutes makes Bitcoin transactions slow and unpredictable. The limited capacity of the network also leads to high transaction fees, especially during periods of congestion. To address these scalability issues, the Bitcoin community has developed various solutions, known as Bitcoin Layer 2 networks. These are protocols that run on top of the Bitcoin blockchain, ...

Coinbase has launched Base, a layer 2 network built using Optimism's OP Stack. Coinbase is not only joining Optimism as a core developer of the open-source OP Stack, a developer toolkit for the Optimism network, but also providing easy and secure access to layer 2 networks like Optimism, as well as other blockchain ecosystems such as Solana. This article discusses the Base testnet launched by Coinbase and introduces its features. Website| Twitter  | Telegram  | Reddit  | Discord