# Coinbase Announces Base🔵, an Ethereum L2 Powered by Optimism

*Author: Ryan Sean Adams, David Hoffman*
*Published: Feb 23, 2023*
*Source: https://www.bankless.com/de/coinbase-launches-base-their-own-l2-on-the-op-stack*

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Coinbase announces the launch of “Base,” their own L2 built on the OP Stack. Tune in to hear everything you need to know about Base!

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#### TIMESTAMPS
0:00 Intro

7:53 Coinbase’s New Chain?

8:45 What is Base? 

9:36 How is Base Different?

11:16 How Open is Base?

13:05 Why Now? 

17:00 ETH L2 Philosophy 

20:00 2nd Mover Advantage & Success Metric

22:26 Total Coinbase Users

25:15 How Base Will be Used By Coinbase Users

29:35 $COIN

31:13 Could Base Canoblize Coinbase? 

32:35 Regulation 

35:30 Base Token?! 

40:26 Validator Set 

39:10 Sequencer Power

40:53 Timeline 

42:55 Basechain Vision 

48:55 Why OP Stack?

52:57 Jesse as a Badge Member  

54:47 Gas-Free Percentage

56:22 Superchain Vision

58:46 KGZ Ceremony 

1:00:41 What Does Successful Base Look Like? 

1:06:13 Closing & Disclaimers 

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#### RESOURCES
- Jesse Pollak (jesse.xyz) 
[https://twitter.com/jessepollak  ](https://twitter.com/jessepollak)
- Coinbase 
[https://twitter.com/coinbase](https://twitter.com/coinbase)