🔥 BREAKING: Coinbase’s Base Network Hits ‘Stage 1’ – A Major Leap Toward Decentralization! 🔥
Coinbase’s Layer 2 Base Network just achieved Stage 1 decentralization per L2Beat’s rigorous framework – and this is huge for the future of onchain finance. 💥
🧠 What Does Stage 1 Mean?
Base has now:
Enabled permissionless validation 🚀
Removed all upgrade keys from core contracts 🔐
Taken a big step away from centralized control 🧱
L2Beat ranks L2s from Stage 0 ➡️ Stage 2:
Stage 0: Fully centralized
Stage 1: Some decentralization, still some risks
Stage 2: Fully decentralized, censorship-resistant
Base is now officially off training wheels 🛞 – and that’s bullish not just for Coinbase, but for all of Ethereum L2 adoption.
💬 Why It Matters:
This means less trust required in Coinbase and more trust in code and consensus – exactly what crypto stands for. 🧬
And with over $1.4B in TVL, Base is rapidly becoming a serious player in the L2 wars alongside Arbitrum, Optimism, and zkSync.
📢 Decentralization isn’t a meme – it’s a mission. And Base just leveled up.
#coinbase #Base #Layer2 #L2Beat #CryptoNews