Base Chain: Are You Interacting?

Coin base launched A LAYER 2 chain on the ethereum chain, which has been coming up really nicely. In my opinion, I feel they were the fastest in building and executing their mission on the chain. Few months ago we were testing the testnet, now we are on the main net and people are building on it. One of the reasons I don’t like interacting with the ethereum chain is because of the obvious high gas fees. Hence the reason layer 2 chains were built for better scalability, faster and cheaper transactions, but if you have noticed, some of these layer 2s are not really as cheap as they were meant to be. For instance, polygonzkevm, Starknet and Zksync, I don’t like interacting with them because they cost a lot in gas fees. Arbitrum is cheap some times, but some times it can be really annoyingly expensive, but the optimism chain is very cheap so I love using it. Haven’t spent much on the Optmism chain but I have interacted with the chain a lot.

So when Baze announced its layer 2 launch, I just felt it was another high cost chain in terms of gas fees so I was not enthusiastic about it. When it launched, we all noticed that a lot of projects started launching on the chain, seemed like the Coinbase reputation had so much to do about that. It’s doing great as a layer 2 chain and the feature I love best about the base chain is the low cost feature. Gas fee is quite cheap on the chain compared to other layer 2 chains, for as little as $0.01 you can execute a transaction on the chain.

Ever since the chain launched, it’s been proven to be quite secured, it’s security is based on the Ethereum’s security then backed by the Coinbase devs who are invested into making the chain more scalable and secured. There are over hundred Dapps that are live on the base chain and more is expected to come.

Getting Base ETH is quite easy, although I think some crypto exchanges offer BASE ETH, but you can bridge ETH to BASE ETH on thé Base Bridge site. It’s quite easy to use, you can bridge native ETH to Base ETH, if you want to bridge other layer 2 ETH to base ETH, you will have to use secondary Bridger like orbital or Layerswap. To take advantage of the base chain and earn some money from the chain, it is assumed that you have to look for new projects and try to be early on them, this way you can capitalise early and make your profit.

Posted Using LeoFinance Alpha