Coinbase has announced a new Ethereum layer-2 scaling solution called Base, which will share a portion of its revenue with its development partner, the Optimism Collective. The Optimism Collective is a group of companies, communities, and citizens working together to reward public goods and build a sustainable future for Ethereum.Base and the Optimism Collective have a shared vision for scaling Ethereum, which they call the “Superchain future.” This vision involves a web of rollups and layer-2s that allow users to transact and move across chains easily and affordably.Base has committed to contribute either 2.5% of its total revenue from sequencing or, if it’s more, 15% of the profit Base makes from L2 transactions after subtracting the costs of submitting data to L1. Additionally, Base will take part in the on-chain governance of Optimism.
| Information |
Details |
| Geography |
Global |
| Countries |
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| Sentiment |
neutral |
| Relevance Score |
7 |
| People |
None |
| Companies |
Coinbase, Optimism Collective, Ethereum, Base, Optimism |
| Currencies |
Ethereum, Bitcoin, OP, ETH, Base |
| Securities |
None |
