In February 2023, Coinbase unveiled an ambitious project: Base, a new blockchain designed to be a low-cost, user-friendly platform tailored for developers. The decentralized nature of Base, combined with its integration with Ethereum, promised a robust and versatile platform. Coinbase’s vision was clear: to transition from a world where crypto is primarily a speculative asset to one where it’s an integral part of daily life.
Fast forward to today, 9 August 2023, a significant date in the Base journey. It marks the official launch of Base’s mainnet bridge. The Base Bridge allows users to bridge ETH from Ethereum to Base and vice versa.
CoinDesk recently had an enlightening Zoom conversation with Jesse Pollak, the creator of Base and the head of protocols at Coinbase. Pollak emphasized the unique challenges and responsibilities of being a public company while launching a blockchain. He candidly shared that there’s no playbook for such an endeavor, highlighting the pioneering spirit of Coinbase in this venture.
Pollak’s insights during the conversation shed light on the intricacies of developing Base. He discussed the balance of maintaining transparency with stakeholders while ensuring the project’s success. The journey was filled with learning curves, especially given the public nature of Coinbase and the watchful eyes of its investors.
One of the standout points from the discussion was the importance of trust. For Base to succeed and for users to adopt it, trust in the platform and its parent company, Coinbase, is paramount. Pollak emphasized Coinbase’s commitment to building that trust, ensuring that Base meets and exceeds industry standards.
The conversation also touched upon the broader implications of Base for the crypto industry. With Base, Coinbase aims to bridge the gap between the current state of crypto and its potential to be a part of everyone’s daily interactions. Pollak expressed optimism about the next five years, anticipating a surge in blockchain innovations and the emergence of products that will redefine the crypto landscape.
Featured Image Credit: Coinbase
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