Coinbase Utilizing Ethereum-Based Altcoin in Its New Layer-2 Scaling Platform

Coinbase Utilizing Ethereum-Based Altcoin in Its New Layer-2 Scaling Platform


Top US crypto exchange Coinbase is now using price feeds from decentralized oracle network Chainlink (LINK) for its new Ethereum (ETH) layer-2 project called Base.

Base is Coinbase’s layer-2 network powered by blockchain scaling solution Optimism (OP), and its testnet was launched late last month.

Base is designed to be compatible with Ethereum, Ethereum layer-2s like Optimism and other alternative layer-1s like Solana (SOL).

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According to Chainlink, its price feeds are now live on the Base testnet. Base is also participating in the Chainlink SCALE program, which is designed to provide Chainlink data and services available to developers at a cheaper cost.

Says Jesse Pollak, Base’s lead developer,

“We’re super excited to launch Base with collaborators such as Chainlink, and to join the Chainlink SCALE

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