Base Chain’s Rapid Growth: Leading The Charge In Layer 2 DeFi Activity

Base Chain continues to show remarkable growth, leading the way among Layer 2 (L2) scaling solutions. In the past 24 hours alone, the top three smart contracts on Base recorded a combined total of 1.

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Coinbase L2 blockchain sends BASE up by 250%

Coinbase’s layer 2 blockchain launch has caused quite a stir in the crypto industry, with BASE tokens experiencing an incredible surge of over 250%.

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Optimism flies higher as Coinbase leverages its tech

The price of the optimism token increased to $3.095 as Coinbase unveiled its Base layer 2 solutions based on the Op Stack technology.

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Coinbase Unveils Its Own Ethereum Layer 2 Solution Called ‘Base’; Unrelated BASE Token Pumps 300%

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Tokens of Optimism Ecosystem Surge as Coinbase Unveils Its Layer 2 Base

Coinbase said Thursday that it is leveraging Optimism's technology to launch an Ethereum layer 2 scaling product, Base.

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Unrelated BASE Token Jumped 250% After Coinbase Starts Layer 2 Network Base

As of Friday, Coinbase has explicitly stated it has no plans to launch a token for its new blockchain.

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Coinbase's New Layer 2 Blockchain, Base, Has Rocky Rollout

The much-anticipated protocol struggled to process user transactions, then became the target of some Twitter shade for changing some terms of a contribution pledge on the fly.

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Optimism (OP) Surges 17% As Coinbase Launches L2 On OP Stack

Earlier today, digital asset exchange Coinbase announced the launch of its Ethereum L2 (Layer 2) network called ‘Base’ on the Optimism OP stack. This latest news has sent the Optimism network native token OP up nearly 18% in the last 24 hours.

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Random Cryptocurrency Soars Over 200% on Big Coinbase News

Coinbase's announcement of a new Ethereum layer two (L2) network named Base led to a 234% surge in the random BASE cryptocurrency

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Coinbase Launches Ethereum L2 Network “Base”, Stock Rallies

Coinbase, the second largest crypto exchange, has recently launched a testnet for their newest product “Base,” an Ethereum layer 2 (L2) network. The new product will provide a secure and cost-effective solution for building decentralized applications (dApps) on-chain, per the official announcement.

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Coinbase Launches its Own Ethereum Layer 2 Solution

Coinbase announced the launch of its own Ethereum Layer 2 solution, Base, which it plans on fully decentralizing within two years. A Home to Coinbases On-Chain Products Coinbase is creating...

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Coinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others

Base is built on Optimism and Coinbase has no plans to issue a new network token.

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DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Osmosis

MakerDAO’s new tech, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum’s jam-prone base layer.

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Arbitrum Builder Offchain Labs Acquires Prysmatic Labs, a Core Team Behind Ethereum’s Merge

By acquiring the team behind Prysm, Ethereum’s most popular consensus layer client, Arbitrum is stretching its later 2 tentacles down to Ethereum’s base layer.

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Arbitrum Builder Offchain Labs Buys Prysmatic Labs, a Core Team Behind Ethereum’s Merge

By acquiring the team behind Prysm, Ethereum’s most popular consensus layer client, Arbitrum is stretching its later 2 tentacles down to Ethereum’s base layer.

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Crypto Investor Paradigm Argues Infrastructure Providers Should Not Be Subject to US Treasury Sanctions

The firm laid out a legal argument against Office of Foreign Assets Control (OFAC) sanctions targeting base layer participants such as miners and validators.

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In Crypto, Base Layer Security Isn’t Enough

Blockchains are only as secure as the applications they run.

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Ultron Foundation’s Diverse Ecosystem Retaining Users With The Help Of Its Native Layer 1 Coin

Ultron Foundation, a blockchain-based project, has created a diverse ecosystem that has been fundamental in retaining a huge user base thanks to its native layer 1 coin. The Ultron Foundation ecosystem provides diversity with multiple services and various dApps.

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Neal Stephenson Coined ‘Metaverse’ in 1992. Now He’s Building One

The author is working with a number of crypto veterans on a new metaverse-focused base layer, Lamina1.

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Charge DeFi Expands with xStatic, Reward Pools, and Eyes Fantom Launch

The latest addition to the market, Charge DeFi, is launching a series of new developments, including a new reward token, xStatic, and several new reward pools. The Charge DeFi team is also taking the project multichain, eyeing expansion to well-known layer 1 chain, Fantom (FTM), as well as making several improvements to the project’s base […]

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Azuro Raises $3.5 Million to Build the Base Layer for Decentralized Betting

Azuro has announced the successful closure of its seed round. The project claims to have raised $3. 5 million from participating institutional investors including Gnosis, Flow Ventures, Polymorphic Capital, Arrington XRP, and Ethereal Ventures, amongst others.

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L2 ecosystem crosses $5.5B in TVL thanks to Boba network's 570% rise

Layer-1 and Layer-2 scaling solutions are two sides of the same crypto coin. Even though the former makes the base layer of a network, the latter (off-chain) plays a vital role. Mainly for protocol inThe post L2 ecosystem crosses $5.

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Bitcoin Is How We Really Build A New Financial System

Iteration upon iteration of DeFi platforms simply exposes the necessity for the decentralized network of bitcoin to act as a base layer.

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Binance Smart Chain (BSC)-based Moon X’s Market Ledger to make Crypto Investment and Monitoring Easy, MOONX to List on LBank

DeFi might be a $270 billion juggernaut and growing powered by a disconnected base layer.   We have Ethereum, the Binance Smart Chain (BSC), IOST, NEO, Waves, Solana, and many more. The list keeps getting longer every day.

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Bitcoin Is The Best Form Of Money, Says Morgan Creek Capital CEO

Mark Yusko said in an interview that Bitcoin will power the internet of value by being its “base layer.”

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Wault Finance Among the Most Active DeFi Protocols in Binance Smart Chain (BSC) and Polygon

Decentralized Finance, or simply DeFi, is all about simplicity, end-user control, and the promotion of financial inclusion.   It operates parallel to the red-tape constricted legacy systems, and developers are doing everything in their power to port over viable projects to a decentralized base layer.

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As BTC and ETH Pursue Multilayer Schemes, Elon Musk Says ‘There’s Merit to Doge Maximizing the Base Layer’

The CEO of Tesla, Elon Musk, is a fan of base layers when it comes to blockchain technology and on Friday, Musk explained there’s “merit” to the Dogecoin chain “minimizing transaction cost.

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Elon Musk Comes Out as Big Blocker

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No, not happening! What is Buterin's preference for Ethereum's base layer?

Chainlink, the decentralized network that provides real-world data to blockchains, has proved to be a worthy contender in the oracle space. Ethereum, on the other hand, is already well-known in the spThe post No, not happening! What is Buterin's preference for Ethereum's base layer? appeared first on AMBCrypto.

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The Top 3 Next Generation Layer 1 Blockchain Protocols

There is no shortage of layer-1 protocols promising to win the blockchain arms race and support the next generation of financial primitives. While Bitcoin and Ethereum remain by far the industry’s best-known and most supported base protocols, a wave of scalable alternatives are coming online and threatening to disrupt the established order.  From sharded multi-chainRead More

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The DeFi Yield Protocol (DYP): Over $180k of ETH Distributed Daily for Liquidity Providers

The trigger that ushered true financial liberation is smart contracting.   Through automation from a base layer that’s secure and decentralized, creators recreated popular instruments in the traditional financial system with self-executing code as middlemen.

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RSK Merged Mining Reaches All-Time High

RSK (Rootstock) is a Bitcoin sidechain and a smart contract platform. The IOVlabs-built protocol draws its security from the primary chain.   Overly, RSK improves the Bitcoin ecosystem because it supports the execution of complex transactions (smart contracts) impossible in the base layer.

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China’s Tencent Partners with ShareRing for Blockchain ID Management

Chinese conglomerate Tencent is working with blockchain startup ShareRing to develop a decentralized ledger technology (DLT) base layer for more efficient identity management systems. The move is part of efforts to use the technology to bootstrap a recovery in the travel and tourism sector, which has been one of the hardest-hit industries by the coronavirus […] The post China’s Tencent Partners with ShareRing for Blockchain ID Management appeared first on BeInCrypto.

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Growth on Band Protocol and Kava Proves Demand for Cross-Chain DeFi

Emerging blockchains are trying to build a new DeFi ecosystem away from Ethereum. While Ethereum is still the top base layer for DeFi, increased traction for protocols like Band and...

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Financial Services Dominate European Blockchain Dev: Report

Financial services, healthcare, and energy are the primary focus industries for blockchain development in Europe. Ethereum, the second-largest network by market capitalization, is the base layer for almost a third of decentralized ledger technology (DLT) startups coming out of Europe.

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IOTA Foundation Enters Base Layer Race With ‘2.0’ Testnet

IOTA's new testnet addresses the technical feature that nuked the blockchain-like network for nearly two weeks earlier this year.

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Base Layer Wars Heat Up With Another $12M Committed to AVA Labs’ Avalanche Blockchain

AVA Labs has closed a $12 million private token sale. The funding round – co-led by Galaxy Digital, Bitmain, Initialized and others – comes weeks before an anticipated mainnet launch.

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IBM Blockchain to Offer Decentralized Smart Contract Option

IBM is implementing the Hyperledger Fabric 2.0 base layer to support smart contract governance on its blockchain platform.

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Ready Layer One: Base Layer Protocols Team for Virtual Developer Event

A virtual conference is being organized by a bevy of base-layer protocols – the Web3 Foundation, Near, Cosmos, Tezos, Protocol Labs and Polkadot.

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Tether (USDT) Expands to Bitcoin Cash (BCH) to Issue SLP Token

Tether, the stablecoin leader, has announced that it is launching on Bitcoin Cash as well. The Bitcoin Cash protocol uses a sub-protocol, called the Simple Ledger Protocol (SLP), to issue tokens on top of the blockchain base layer, per Bitcoin News, March 21, 2020.

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Bitcoin scalability: What's keeping sidechains from mass adoption?

"It's hard to make complex changes to Bitcoin's base layer," said Adam Back, the CEO of Blockstream and a cypherpunk. Back, who appeared on the latest edition of Citizen Bitcoin Podcast, said that sinThe post Bitcoin scalability: What's keeping sidechains from mass adoption? appeared first on AMBCrypto.

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Plasma Became Optimism and It Might Just Save Ethereum

The Plasma Group reformed as Optimism and is working to make ethereum's calling card, smart contracts, work above the base layer.

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Подписи Шнорра, Taproot и Tapscript. Биткоин может провести новый софтфорк уже в этом году

Лукас Нуцци, соучредитель и директор Digital Asset Research, сообщил о важном софтфорке, который окажет существенное влияние на биткоин: Bitcoin will soft-fork this year. It will be one of the most innovative additions to L1 thus far: bip-schnorr+bip-taproot+bip-tapscript These are powerful foundational technologies that will bring novel smart contracts to Bitcoin's base layer.

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Nervos Unveils $30M Grant Program to Attract Developers to Its DLT Network 

Nervos Network (CKB), a multi-asset, store of value blockchain network established in 2018, has rolled out a $30 million public grants program to motivate individuals, teams and blockchain projects to build applications upon its permissionless layer one distributed ledger technology (DLT) platform dubbed the Nervos Common Knowledge Base (CKB), reports Enterprise Times on January 13,Read MoreRead More.

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Ethereum 2 phase 0 is about building 'stable base layer'

Ethereum, the leading smart contract platform, will be taking the first step towards its most awaited upgrades this year. The platform will initiate its shift from proof-of-work to proof-of-stake withThe post Ethereum 2 phase 0 is about building 'stable base layer' appeared first on AMBCrypto.

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Nervos opens $30M grant fund to grow blockchain infrastructure and DApps

Nervos Network an open source public blockchain ecosystem launched in November 2019, today announced a public grants fund to fuel growth and development for its permissionless layer one blockchain – the Nervos Common Knowledge Base (CKB).

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After Establishing Real-World Utility, 2020 Could Finally be Blockchain’s Breakthrough Year

From being popularized as the base layer for Bitcoin to being touted as one of the most important technological advances of the last decade, blockchain has had its ups and downs – but mostly ups.

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Ethereum's Vitalik Buterin: Layer 1 development important for short-term

A common notion in the blockchain space is that base layers should be stable and simple, while complexity and further applications should be built on layer 2. In a recent blog post on his website, VitThe post Ethereum's Vitalik Buterin: Layer 1 development important for short-term appeared first on AMBCrypto.

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Base Layers And Functionality Escape Velocity

One common strand of thinking in blockchain land goes as follows: blockchains should be maximally simple, because they are a piece of infrastructure that is difficult to change and would lead to great harms if it breaks, and more complex functionality should be built on top, in the form of layer 2 protocols: state channels, Plasma, rollup, and so forth.

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