Base: Bringing The World Onchain With Jesse Pollak
Apr 10, 2024
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Head of Base at Coinbase, Jesse Pollak, discusses how Base plans to scale and onboard millions of users, aiming to be the biggest chain in crypto. They explore Ethereum upgrades, challenges in lowering fees, and Coinbase's role in upholding crypto ethos. The conversation highlights the potential of a global on-chain economy and the exciting future of crypto infrastructure.
Base aims to become the largest on-chain economy globally, promoting innovation and freedom.
Base offers cheaper transactions than Ethereum, enhancing accessibility and creativity for users.
Base's ecosystem includes a developer platform, app ecosystem, and capital markets for a vibrant on-chain economy.
Base collaborates with OP Stack to enhance Ethereum's scalability and ecosystem compatibility.
Base focuses on scalability and low transaction fees to accommodate increasing user demand and innovation.
Deep dives
Base's Growth and Vision
Base aims to become the largest on-chain economy besides Ethereum by the end of the year, with a long-term goal of being the largest on-chain economy overall. The focus is on building a global on-chain economy to foster innovation, creativity, and freedom, bringing billions of people and millions of builders onto the chain.
Understanding Base's Purpose
Base, described as a layer two built on Ethereum, offers cheaper transactions than Ethereum, enabling a wide range of apps due to reduced costs. Developers and users benefit from lower transaction fees, promoting creativity and accessibility to on-chain products for global users.
Base's Unique Ecosystem
Base's ecosystem comprises a developer platform, app ecosystem, and capital markets, collectively forming a vibrant on-chain economy. The focus is on promoting innovation, creativity, and freedom globally through an interconnected system that enhances on-chain experiences.
The Super Chain Collaboration
Base's collaboration with OP Stack aims to form a 'super chain' with various layer twos coming together to enhance Ethereum's scalability. This partnership facilitates increased compatibility, shared technology, and economic alignments, ensuring a cohesive alignment for future growth.
Scale and Technical Development
Base is dedicated to enhancing its technical capabilities for scalability to accommodate increasing user demand and maintain low transaction fees. The team is focused on upgrading throughput targets to handle higher transaction volumes, setting ambitious goals for future development.
Decentralization and Community
Base's decentralized approach aligns with Ethereum's ethos, focusing on achieving a level of decentralization akin to Ethereum itself. The platform's governance is moving towards a more decentralized structure to ensure an open and inclusive on-chain economy for all participants.
Base's Growth and Collaboration
Base's success as a top chain in daily volume and total value locked positions it as a rapidly growing player in the crypto space. The platform envisions becoming the leading on-chain economy in the near future, setting ambitious goals for growth and adoption.
Future Prospects with Base and Crypto
Excitement surrounds the seamless integration of base's innovative features like the smart wallet, driving mainstream users onto the chain. The upcoming advancements and interconnected ecosystem in the crypto space signal a transformative period, with vast potential for global adoption and creativity.
Embracing Creativity and Innovation
The imminent transformation in the crypto space indicates a shift towards broader adoption and seamless on-chain experiences. The synergy between infrastructure development, app creation, and user-centric innovations sets the stage for bringing the world onto the chain.
In this episode I talk to Jesse Pollak head of Base at Coinbase to talk about everything base.
Including what is Base and what does it uniquely enable?
How does Base plan to scale to onboard the next 100 million users?
Why Jesse believes Base will be the biggest chain in all of crypto...
And so much more!
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*IMPORTANT PLEASE READ: None of this is meant to be taken as any form of investment advice, this is just me sharing my opinion and thoughts on the space. It's always up to you to do your own research. Just because I'm talking about a certain project or idea doesn't mean you should invest into it. You as an adult have to use your own judgement and free will to make the right choice for you. Take responsibility for your own actions and investment decisions and don't blindly follow podcasters, Twitter influencer's, Youtube creators etc.
Additionally you should assume I hold the token we're talking about unless I otherwise state I don't. I normally do research into investments I hold or am potentially looking to hold. So again, unless otherwise stated, assume I hold the token we're talking about.
In the case of this episode I hold OP and ETH.
Personal Disclosures for any conflicts of interest:
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