Coinbase’s Base network publishes ‘path to mainnet’ outlining roadmap

In a weblog put up titled “Path to Mainnet,” Coinbase’s Base outlined a roadmap for mainnet launch. The define accommodates no particular dates however lists 5 standards wanted earlier than the network can launch. Two standards have already been fulfilled, whereas three stay.

1/ Base is gearing up for mainnet with security and safety as high priorities. Right now, we’re excited to share our launch standards!

Reminder: Base has no plans to challenge a network token.https://t.co/eRarQ4QzK8

— Base ️ (@BuildOnBase) May 24, 2023

Coinbase introduced the creation of the Base network testnet on Feb. 23. It’s meant to ultimately be a layer 2 of Ethereum that makes use of Optimistic Rollup know-how to cut back transaction charges and enhance scalability. The present testnet of Base is just linked to the Goerli testnet model of Ethereum, not the mainnet model, the place most customers have property.

Base network depends on the OP Stack, a set of code that can also be used for the Optimism network.

Within the announcement, the Base group mentioned it’s progressing towards mainnet launch. However earlier than that may occur, 5 standards should be fulfilled. First, the testnet should efficiently carry out the Regolith exhausting fork, which makes security-oriented modifications to the best way deposits are carried out. Second, it should endure an infrastructure overview with the OP Labs group. These first two standards have already been fulfilled, the announcement mentioned.

The third criterion is a profitable improve of the network to Bedrock. In accordance to an explanatory put up from the Optimism group, Bedrock will implement decrease charges, shorter deposit occasions and a number of other different modifications. Optimism’s improve to Bedrock is scheduled for June 6. The Base group didn’t announce a selected date for his or her model of the improve.

Associated: iOS jailbreak dev wins $2M bounty for finding critical Optimism bug

The fourth and fifth standards are “profitable completion of inner and exterior audits with no crucial severity points” and “demonstrated testnet stability.” The group has not set a selected date for both of those final two standards to be fulfilled.

Though this roadmap accommodates no particular dates, a consultant from Base instructed Cointelegraph that “Base will publish the milestones it should hit because it strikes nearer to its mainnet launch” and that the precise timeline can be shared “quickly.”

Since Base’s testnet launch, there was rampant hypothesis over what sort of apps can be constructed on it. On March 27, the Base group requested builders to create a “flatcoin,” or inflation-pegged stablecoin, to be used in Base decentralized finance apps, in addition to an on-chain popularity system. Masa Finance responded to the popularity system request by porting its soulbound token protocol to the testnet in April.

Not everyone seems to be comfortable about Coinbase constructing its personal network. For instance, decentralization advocate Chris Blec argued in March that Base will want to confirm the identity of users as a result of it employs a centralized “sequencer.” In his view, this may infringe on the privateness of customers. The Base group has said that its sequencer will turn into decentralized over time.