The co-founder Ethereum Vitalik Buerin offered rare public praise for the basic network of Coinbase, describing it as a reference on the operation of layer 2 solutions.
In an article on September 23 on X, he argued that the base combines practical conviviality with the safety guarantees of the base chain of Ethereum, creating a model that balances convenience and decentralization.
Buterin stressed that the base uses certain centralized mechanisms to improve speed and user experience.
However, unlike exchanges or childcare services, it does not control user funds. Instead, the withdrawals and safety of assets remain linked to the underlying infrastructure of Ethereum.
Basic step 1
He explained that this approach is part of the criteria of step 1 defined by the L2Beat analysis platform, where even a network failure cannot compromise the right of users to recover their assets.
He said:
“Step 1 means that a security council with a 75% vote can replace the ONCHAIN code. However, scene 1 also requires that that blocking the quorum (> = 26%) of the council is outside the organization that manages the L1. Consequently, the organization cannot censor or steal unilaterally via a vote from the Security Council, so it is not a goalkeeper. ”
In particular, L2Beat identifies the base as one of the eight projects which qualify for the status of stadium 1, emphasizing the affirmation of Buterin according to which the chain operates as an extension of the model of confidence of Ethereum rather than as a detached service.
According to Buterin, calling layer 2 “non -guardian” is more than a brand exercise. Their safety stems from the logic of the intelligent contract of Ethereum, which guarantees that the layer 1 ultimately controls the movement of the funds.
This backup prevents operators from diverting assets or selectively blocking withdrawals. He stressed that these protections are not abstract theories but concrete technical paths already written in the base layer of Ethereum.
Basic dominance
Buterin’s supply came from the base by citing as one of the most active L2 networks.
L2Beat data show that the chain now manages around 160 transactions per second, or nearly 360 million transactions in the last month.
In terms of total locked value (TVL), the base has also climbed nearly $ 15 billion, after only about $ 20 billion in arbitrum.
A large part of this growth stems from coinbase support of layer 2. The company of $ 85 billion provides technical support and has extended its brand credibility as the largest exchange of American crypto.
This involvement has contributed to amplifying basic adoption, making it a dominant player in the landscape of layer 2.
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(Tagstotranslate) Base (T) Coinbase (T) Ethereum (T) Vitalik Buterin
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