Coinbase Launches Base Layer 2 Network: How Will Ethereum … – Analytics Insight

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The recent news surrounding Coinbase’s launch of the Base Layer 2 network on Ethereum Blockchain has captured the attention of crypto investors and traders alike. This development holds the power to redefine the potential of Coinbase in the cryptoverse.
Adding to the acceleration is Signuptoken.com (SIGN). With its phenomenal potential, community-centrism and an inspiring approach to presale, this new project has taken its stand in the limelight.
Read along as we discuss Base’s Layer 2 Network and how it solves Ethereum’s limitations while also exploring SignUp Token and the promise it makes to their community.
Click Here To Find Out More About The Signup Token (SIGN) Presale
Coinbase, a juggernaut in the cryptocurrency exchange realm, has launched its Layer 2 network on Optimism, a scaling solution for Ethereum (ETH), which enables users and developers to benefit from ETH’s strong security at affordable rates. Alongside Binance (BNB), Coinbase is one of the biggest crypto-focused corporations in the world due to its pivotal role in popularising cryptocurrencies in more than 100 countries around the world.
Coinbase’s layer-2 network has been constructed in collaboration with Ethereum. The network has already made news for surpassing Optimism in trade volume terms. Optimism is noted for its use of Optimistic Rollups to help scale Ethereum.
This introduction of the Base Layer 2 network has bolstered the Ethereum blockchain into the limelight, showcasing its ability to catalyse successful ventures on a grand scale, with its total value exceeding $124 million. The introduction of the Base Layer 2 Network can potentially help alleviate high fees on the ETH network, which aids in enhancing transaction speed and efficiency.
As a result, the innovation pushes forward a new wave of decentralised applications (dApps) and projects to flourish without the constraints of the mainnet’s limitations.
As one of the most prominent cryptocurrencies in the market, Ethereum is a widely used blockchain platform. The coin introduced the concept of smart contracts and decentralised applications (DApps), which altered the way applications are built and run. However, Ethereum limitations have been related to high fees and slow transaction speeds during times of network congestion.
Optimism is a Layer 2 scaling solution for Ethereum which addresses Ethereum’s scalability issues by using a technique called ‘Optimistic Rollup.’ This technology allows for more transactions to be processed faster and cheaper. Optimism achieves this by processing transactions which are then verified on the Ethereum network.
However, it must be noted that Ethereum still incurs costs for validating these transactions, yet the fees are significantly lower than Ethereum’s.
Optimism and Ethereum both contribute to the evolution of blockchain technology with the vision to make decentralised applications more efficient and user-friendly.
Built on the Ethereum blockchain with a promise to cater to their community, the SignUp Token (SIGN) presale has piqued the curiosity of investors due to its potential to become a highly sought-after crypto investment.
SignUp Token’s roadmap is yet another distinguishing feature that grabs the interest of potential crypto seekers as it entails users referring friends and family as well as building a strong community foundation to promote the token that will ultimately contribute towards a healthy ecosystem.
The token doesn’t need a presale or any kind of prepayment to secure your chance to flourish financially. The coin just encourages one million email individuals to sign-up, after which it enters the crypto exchanges allowing the registered investors to engage with the coin that comes with significant advantages and a strong potential for huge profits.
Click Here To Find Out More About The Signup Token (SIGN) Presale
With Coinbase launching its Base Layer 2 network on the Ethereum blockchain, there is one more competitor to Optimism in providing layer 2 solutions that can alleviate high gas fees on the Ethereum blockchain.
While exploring the crypto landscape, consider Signuptoken.com (SIGN), a token backed with the promise of potential and a strong focus on community.
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
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