| Blockchain Name : | Base |
| Blockchain Code : | BASE |
| Layer : | Layer 2 |
| Consensus Mechanism : | Optimistic Rollups |
| EVM Compatible : | Yes |
| EVM Chain ID : | 8453 |
| Native Coin Code : | ETH |
| Native Coin Name : | Ethereum |
| Project Link : | https://base.org/ |
| Whitepaper : | https://shorturl.at/ovxzD |
| Security Rating : | C |
| Reliability Rating : | B |
| Performance Rating : | C |
Base is a L2 blockchain platform designed for high scalability and low transaction fees. It's a relatively newer entrant in the blockchain space, focusing on creating a user-friendly environment for both developers and end-users. Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users onchain.
Base is incubated within Coinbase and plans to progressively decentralize in the years ahead.
Consensus Mechanism
Base features Optimistic rollups (ORs) consensus mechanism that balances efficiency, security, and decentralization. It aims to address common blockchain challenges, such as throughput limitations and high costs, making it suitable for a variety of applications, including decentralized finance, NFTs, and enterprise solutions.
Base protocols
The Base protocol is an open source, optimistic rollup protocol that operates with the Ethereum blockchain. The Base protocol includes protocol smart contracts that allow “bridging” (i.e., lock assets on one blockchain protocol and replicate them on another protocol) digital assets between Ethereum and/or Base (“Bridging Smart Contracts”).
Use Cases
Base is designed to operate alongside the existing Optimism network, offering an additional layer for decentralized applications (dApps) and other blockchain projects.
Base Mainnet serves as a simplified and accessible platform, aimed particularly at supporting non-crypto-native businesses and Web2 developers looking to transition into the Web3 space. The idea is to lower the entry barriers for developers and users new to blockchain technology, providing an easier onboarding experience.
| Security Rating : |
BASE, while not a top performer in nodes and developer metrics, maintains a C rating due to its balanced overall security posture and steady development activity, making it a reliable but not leading blockchain. |
| Reliability Rating : |
As a newer chain, Base is still undergoing stability improvements, leading to a moderate error rate. |
| Performance Rating : |
BASE receives a C rating due to its balanced performance metrics, resulting in an average performance compared to other blockchains. |
