🌐Networks
Base
Base is a Layer 2 (L2) blockchain solution developed by Coinbase. It aims to enhance the Ethereum network by improving transaction speeds and reducing costs, all while maintaining Ethereum's security.
With over a decade of industry experience and millions of verified users, Coinbase is on a mission to spark a new wave of onchain adoption with Base. Coinbase unveiled its onchain vision nearly seven years ago with the ironically titled “Secret Master Plan.” This blueprint called for a new financial system consisting of decentralized applications on an open and globally accessible network, with a user base of over one billion people. Base provides a new platform to build the open and global economy Coinbase envisions, increasing economic freedom around the world.
Here's how Base is making this onchain vision a reality:
Streamlined Onchain Access: Base enables Coinbase users to explore the broader onchain economy, making it easier to interact with apps and move assets between different ecosystems.
Coinbase’s Onchain Home: Base is designed to be the onchain home for Coinbase products and services, providing a secure and scalable environment for their development and operation.
Open-Source and Decentralized: Base is built using Optimism's OP Stack, which is open-source software licensed under MIT. With a commitment to open-source principles and progressive decentralization, Base aims to foster an ecosystem that is aligned with the democratizing spirit of blockchain technology.
EVM Equivalence: Base offers full Ethereum Virtual Machine (EVM) compatibility and equivalence. This means that any application running on Ethereum can be easily deployed on Base without modifications, ensuring broad compatibility with existing Ethereum tools and infrastructure.
Optimism
Optimism is a fast, stable, and scalable Layer 2 (L2) solution for the Ethereum network. Built using the open-source OP Stack, it enhances scalability and reduces transaction costs while maintaining the Ethereum's robust security.
Optimism envisions creating a "Superchain," a unified network of interconnected networks that can collectively build a sustainable future for Ethereum. The Superchain aims to host a values-aligned community that offers a frictionless user experience, transforming how we interact with the global onchain economy.
Optimism shares both technological and philosophical foundations with Base—a network incubated and scaled by Coinbase, where Moonwell has established a strong presence since its activation.
Key Features
Scalability and Cost Efficiency: By using Optimistic Rollups, Optimism significantly reduces transaction fees compared to Ethereum. This makes transactions on the network significantly less expensive, enhancing the user and developer experience.
EVM Compatibility: Optimism is designed to be compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy Ethereum-based applications without needing to learn new programming languages or overhaul existing codebases.
Moonbeam
Moonbeam is a parachain on Polkadot that offers full compatibility with the Ethereum Virtual Machine (EVM).
Moonbeam combines the best of both worlds:
Scalability, security, and interoperability from Polkadot
Ease-of-use and a thriving developer community from Ethereum
Users, developers, and infrastructure providers who are already familiar with Ethereum can seamlessly utilize, deploy, and build on Moonbeam while taking advantage of the scalability and interoperability offered by Polkadot.
Moonriver
Moonriver is a parachain on Kusama, the canary network of Polkadot.
Simliar to Moonbeam, Moonriver is fully Ethereum Virtual Machine (EVM) compatible and has attracted numerous projects, developers, and users.
Moonriver typically functions as an incubation and development environment for new products before they are deployed on Moonbeam.
Last updated