Ethereum (ETH) is a crucial part of the blockchain ecosystem. As the de-facto home for a huge range of decentralized applications (dApps) and smart contracts, it has enabled the decentralized finance (DeFi), non-fungible token (NFT) and blockchain gaming spaces to flourish into what they are today.
In spite of its importance, Ethereum does have its issues – namely around transaction speed, transaction cost, and scalability.
Layer-2 blockchains have become significant in addressing these issues for Ethereum. By processing transactions away from the main Ethereum blockchain – whilst still using its security – Layer-2 blockchains aim to speed up transactions, lower costs, and facilitate high transaction throughput.
One of the fastest-rising Layer-2 solutions is Base. Built using the OP Stack developed by Optimism, Base is looking to tackle the issues of Ethereum and then some, making Ethereum a truly future-proof blockchain….
