Enhanced Security
Review
Pros & Cons
Key Benefits
Built atop Ethereum, one of the most secure blockchains, leveraging its robust security for decentralized apps.
Greater Scalability
As a Layer 2 network, it offers faster transactions and lower costs than Ethereum's mainnet.
Cost Efficiency
Full EVM compatibility at a reduced expense compared to Ethereum L1.
Interoperability
Designed for compatibility with other Layer 2 networks, facilitating multichain app development.
Coinbase Connection
Incubation within Coinbase allows easy access to its vast user base and tools, including fiat onramps.
Open Source Framework
Developed on the open-source OP Stack with Optimism, promoting decentralization and accessibility.
Red Flags
Intense Competition
Faces many rivals in the crowded Layer 2 space.
Market Performance Concerns
Following Coinbase's NFT marketplace's underperformance, there's a risk Base might encounter similar challenges.
Governance Complexity
Needs a strong governance system for protocol updates and decisions, balancing decentralization and power distribution.