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blockchain

Base

Coinbase's Layer 2 blockchain built on the OP Stack (Optimism's technology).

Definition

Coinbase's Layer 2 blockchain built on the OP Stack (Optimism's technology). It doesn't have its own token, making it unique among L2s. Base has become one of the most active L2s by attracting meme coins, DeFi protocols, and social apps, backed by Coinbase's massive user base.

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Learn More About Base

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Related Terms

Layer 2

A secondary network built on top of a Layer 1 to improve scalability.

Optimistic Rollup

A Layer 2 scaling solution that assumes all transactions are valid and only runs computation if someone challenges a transaction.

Ethereum

A blockchain platform that enabled smart contracts and decentralized applications.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

Account Model

The way Ethereum and many other chains track balances.

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