Base is a Layer 2 (L2) blockchain developed on the Ethereum network in collaboration between Coinbase and Optimism. Operating as a optimistic rollup, Base offers significant scalability improvements over Ethereum Layer 1, while maintaining the security provided by the Ethereum base layer.
- 1.EVM Execution Layer
Smart contracts on Base are deployed and executed on its Ethereum Virtual Machine (EVM) execution layer. Base not only supports EVM compatibility, but also achieves EVM equivalence, ensuring full compliance with the Ethereum yellow paper. This guarantees that any application running on Ethereum will be fully compatible with Base, providing the security, stability, and scalability required to power applications.
- 2.Open source
Base is built on Bedrock, which serves as the foundation for the OP Stack. The OP Stack is a collection of open source software licensed by MIT that promotes Ethereum scalability and modularity, utilizing Optimism's frameworks for scalability and development.
- 3.Incubated and Scaled by Coinbase
Coinbase, a prominent player in the digital asset space, has been actively involved in advancing Ethereum. They have joined as the second core developer working on the OP Stack to ensure it is a public good accessible to everyone.
Furthermore, Coinbase is committed to building a financial system that consists of decentralized applications on an open and globally accessible network.
Moonbeam combines the best of both worlds:
- 1.Scalability and interoperability from Polkadot
- 2.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.
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.