The Chopping Block: How Wintermute Avoids ‘Zombie’ Exchanges, Base’s Early Success, Bank Fraud in the AI Era - Ep. 532
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Exploring Base: Coinbase's Innovative Layer 2 Solution
This chapter examines the launch and early user engagement of Base, Coinbase's Layer 2 solution, highlighting major protocols deployed on the platform. It discusses the competitive landscape among Layer 2 solutions and addresses criticisms regarding Base's technical features and user metrics. The conversation also contemplates the implications of centralized control in decentralized finance and the evolving role of Proof of Authority in ensuring transaction integrity.
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