Base
Overview
What is Base?
Base is an Ethereum Layer 2 (L2) offering a secure, low-cost, builder-friendly way for anyone, anywhere, to build onchain.
How does Base work?
Base batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense).
Who governs Base?
Coinbase team owns and governs the protocol. Coinbase is a public company and its investors include Andreessen Horowitz, Vanguard Group, ARK Investment Management, etc.
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.