Base | an Ethereum Layer 2 (L2) chain
Base is an Ethereum Layer 2 (L2) chain that offers a safe, low-cost, developer-friendly way to build on-chain. Base is an L2 built on OP Stack in collaboration with Optimism.
Some of the highlights of Base are:
- Secured by Ethereum
- Empowered by Coinbase
- Big features, small fees
- Open source
What is a layer 2 network?
A layer-2 network operates on top of an underlying blockchain protocol (Ethereum). It processes transactions off of the Ethereum mainnet (Layer 1), which results in a number of benefits to developers and customers, including:
- Improved scalability and efficiency
- Increased transaction speeds
- Reduced gas fees
- Consistent security measures and decentralization as the mainnet (layer 1)
SERIAS FINTECH is an early tester of the Goerli Base Network