What is Coinbase's layer 2 solution?

Layer 2 solutions are now the most popular and reliable method for increasing Ethereum's capacity.Now, Coinbase's Base Layer 2 solution is here to help developers build the next phase of the internet, Web3. But what is Coinbase's Base, and how does it work? What Is Coinbase's Layer 2 Base Network?

What is a layer 2 blockchain?

Layer 2s are off-chain vertical scaling solutions that run on top of Layer 1s like Ethereum to improve scalability and reduce transaction costs, while maintaining the security guarantee of the Layer 1. Types of Layer 2s include optimistic and zero-knowledge rollups, state channels, sidechains, and nested blockchains.

Why should you choose Coinbase vs L1?

The Base network banks on the security of the Ethereum blockchain. Since Layer 2 is a different blockchain layer from L1, it maintains its security by leveraging L1's impeccable network. Besides, Coinbase also ensures your data safety by maintaining its best practices.

What is L1 & L2 blockchain?

Layer 1 refers to the foundation level of a blockchain architecture – the primary structure of a blockchain. Examples of L1 chains include Bitcoin, Ethereum, and BNB Smart Chain. On the other hand, L2 are chains built on top of other networks.