Base: A Protocol by Coinbase

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The speakers discuss the recent launch of Base, a protocol by Coinbase, and the marketing efforts behind it. They express excitement for the partnership between optimism and Coinbase and discuss the future of chains like Base. The chapter explores the implications of this collaboration for Ethereum scaling and the mainstream adoption of crypto.

On today’s episode we brought on repeat Bankless guests, Ben Jones, Co-Founder of Optimism and Creator of Base, Jesse Pollock.

------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-superchain

----- Base! Coinbase’s Layer 2 has almost hit 1 million users in 2 weeks. It has more transactions per second than Ethereum mainnet. Jesse digs into the magnitude of this development. Base chain was built on Optimism’s tech stack. This is just 1 chain of many thousands we’ll see over the coming years. How do we tie them all together? Ben dives into all things Superchain. The Superchain is how we bring 1 billion people onchain.

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----- TIMESTAMPS

0:00 Intro 7:42 Base Launch Reflection 9:53 Optimism’s Reflection 11:35 Coinbase x Optimism Collaboration 17:14 OP Stack Incentives 23:43 Base’s Impressive Numbers 26:26 Explaining the Superchain 31:40 Why Join the Superchain? 33:55 The Law of Chains 45:26 The Coinbase Onchain Formula 51:15 Base Part of Optimism Governance 58:40 What About Other L2s? 1:04:56 Optimism Collective’s Fee 1:08:25 The Tech Behind the Superchain 1:13:34 Superchain Timeline 1:15:45 Fault Proofs 1:18:36 Risk Profile of Base 1:22:15 Optimism’s Governance Minimization 1:24:10 Wen Fault Proofs & Stages 1:30:00 How Many Clients Does Optimism Have? 1:33:36 Near Term Focus For Base 1:37:01 Near Term Focus For Optimism 1:38:27 Closing & Disclosures

----- RESOURCES

Jesse Pollock https://twitter.com/jessepollak

Ben Jones https://twitter.com/ben_chain

The Law of Chains https://gov.optimism.io/t/law-of-chains-v0-1-full-draft/6514

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠