Greetings, fellow explorers! Today, I, Pepe, am delighted to lead you into the vibrant universe of Base.
Coinbase’s Layer-2 blockchain, Base, has generated significant excitement within the Web3 community, attributed to its user-friendly ecosystem and collaborations with renowned global brands. This guide delves into the technical intricacies of Base and provides insights into finding the latest trending decentralized applications (dapps) within the Base ecosystem.
What is the Base blockchain?
Base, engineered by the centralized crypto exchange behemoth Coinbase, stands as a Layer-2 blockchain innovation harnessing the advantages of the OP Stack from Optimism. Launched with over 100 dapps and service providers in August 2023, Base introduces near-zero gas fees, rapid transaction processing, and heightened security underpinned by Ethereum’s robust infrastructure.
Internally incubated by Coinbase, Base benefits from a decade of expertise in developing crypto products. However, the project’s roadmap includes gradual decentralization.
With aspirations of decentralization, permissionless accessibility, and inclusivity, Base constructs its network using the OP Stack, aligning with the vision of a modular, optimistic rollup agnostic superchain. This approach facilitates seamless asset transfers among chains built on the OP Stack framework, eliminating significant barriers to interoperability.
How does Base work?
Base operates as an optimistic rollup, employing the OP Stack framework. Optimistic rollups handle transactions off-chain in batches, effectively lowering transaction expenses and alleviating strain on the network. Through the OP Stack, transactions are consolidated to minimize costs. While this consolidation occurs on the Base mainnet, the finalization takes place on the Ethereum mainnet, thus leveraging the security features of the Ethereum blockchain.
Similar to other optimistic rollups, Base operates under the assumption that a transaction is valid without requiring additional computations initially. However, if a transaction is deemed suspicious, the system conducts a fraud-proof verification process to ensure its validity. This approach helps to minimize costs while maintaining transaction security.
Base token and airdrop
It’s important to emphasize that Base currently has no plans to introduce a new network token, as it utilizes ETH as its native gas token. Users should exercise caution to avoid potential scams involving fake Base tokens.
However, in the event that Base decides to launch a token in the future, active participation in the ecosystem may enhance eligibility for potential Base token airdrops.
Connect your wallet to Base
Here’s a simple step-by-step guide to help you connect your wallet to the Base blockchain.
To connect your MetaMask or Coinbase Wallet to the Base blockchain, follow these simple steps:
- Open your wallet and navigate to the network settings.
- Select “Change / Add network” option.
- Add the following details:
- RPC endpoint: https://mainnet.base.org
- Chain ID: 8453
- Currency symbol: ETH
- Block explorer: https://basescan.org
Once your wallet is connected, you can proceed to bridge ETH from Ethereum or other EVM-chains to Base.
Is Base compatible with Ethereum and other EVM chains?
Absolutely! Base’s EVM compatibility guarantees smooth interaction between the platform and decentralized applications (dapps) originally created for Ethereum and other EVM chains. This flexibility enables applications to transition seamlessly to the Base network.
As evidence of this compatibility, numerous EVM-based applications, including renowned platforms such as opensea, Aave, PoolTogether, Uniswap, Galxe, Iskra, and Pixelmon, have seamlessly integrated with Base. By leveraging its features, these applications are expanding their reach within the Base ecosystem.
Best dapps on Base
Social decentralized applications (dapps) like FriendTech have gained significant traction in the Web3 community, while smaller yet innovative projects such as LOOTaDOG, a dapp where users can earn rewards by walking their dogs, offer unique experiences.
You can explore all listed dapps and apply filters to refine your search using the Base dapp rankings. These rankings are based on the number of unique active wallets (UAW) interacting with each dapp.
To kickstart your journey on Base, here are some noteworthy dapps you might consider:
- Stargate: A bridging platform facilitating token transfers between different chains.
- Dmail Network: A social messaging platform offering email and marketing services.
- Parallel: A popular trading card game.
- Frens On Chain: A digital pet project featuring dynamic NFTs.
If you’re seeking more dapps or are not interested in the ones mentioned above, you can visit the Base chain page.
Links:
https://www.coinbase.com/
https://twitter.com/coinbase
https://www.instagram.com/coinbase
https://www.linkedin.com/company/coinbase
https://www.youtube.com/channel/UCofTOFX4QuhT8OY-3-fFRFw