Coinbase is gearing up to launch the Base mainnet.
The final gateway before the official roll-out of Base, Coinbase's innovative Layer-2 application-centric protocol, is within reach.
This announcement came on June 29th, as the team expressed their satisfaction with the six-month period of meticulous security checks. These checks were performed both in-house and by external parties and were necessary before the grand launch.
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With these thorough security investigations conducted and not yielding any high-severity bugs, the Base team feels poised and ready to forge ahead to the mainnet launch.
With the completion of these audits, we’ve now fulfilled ⅘ of our criteria for mainnet launch. Completing these in-depth security workstreams without discovering critical severity bugs gave the Base team confidence to proceed towards mainnet launch.
Other launch requirements met included successful infrastructure examination with OP labs, creators of Optimism, and the "Bedrock" upgrade of Optimism. Moreover, the team also successfully implemented a "Regolith" hard fork in the testnet.
Four months ago, on February 23rd, Coinbase introduced Base as a secure, cost-efficient, and developer-friendly platform designed for decentralized application creation.
To rigorously test Optimism's tech stack, Coinbase's protocol security team carried out an in-house audit to expose any potential weak points that might crop up on Layer-1, Layer-2, and the bridges.
Demonstrating "testnet stability" is the final step that must be overcome before the mainnet launch. The Base team is still examining the submissions from the 100 researchers that participated in the public smart contract audit as well as reviews from past audit programs — "Spearbit" and "Sherlock."
At the end of March, Coinbase expressed its desire to launch an inflation-pegged "flatcoin," an on-chain reputation system, and an on-chain limit order book exchange to be constructed on Base.
With the backing of Ethereum and propelled by the layer-2 network Optimism, Base has set its sights on becoming a leading platform for building decentralized applications.
