Riding the Base Wave: Coinbase’s New Kid on the Block(chain) Surpasses Ethereum!

In an unforeseen twist in the decentralized world of blockchain, Ethereum layer-2 Base, incubated by American crypto exchange Coinbase, has found itself at the center of attention. With daily transactions reaching 1.37 million, Base has overtaken Ethereum’s little over 1 million. The reason for this startling surge? A unique blend of innovation, celebrity allure, and a decentralized social media platform called Friend.tech.

Base is not just another blockchain solution; it’s a promise for the future of decentralized applications. With its quicker and more economical process, developers are finding it easier to create apps without the cumbersome costs and time associated with traditional platforms.

Coinbase, the San Francisco-based cryptocurrency giant, may have given birth to Base, but it’s determined that Base will learn to walk on its own. The plan for Base is to be an open ecosystem that’s ripe for millions of new decentralized applications. But it’s not just about the numbers; it’s about creating a space where creativity thrives.

This is where Friend.tech comes into play. Hosted on Base, Friend.tech has taken the crypto world by storm, allowing users to buy and sell shares of their friends’ social media profiles. Whether it’s the charm of owning a piece of a celebrity’s online presence or the thrill of trading in a new digital playground, Friend.tech has become an instant hit.

However, with fame comes scrutiny. Some experts have raised eyebrows at the unusually high number of transactions, suspecting the involvement of bots and spammers. They are calling for a closer look at these activities to ensure a fair playing ground.

And then there’s the shadow of the Bald token scam, a stark reminder that innovation often walks hand in hand with risk. This incident involving a new token on Coinbase’s layer-2 network briefly dampened the enthusiasm but has also served as a lesson in vigilance.

In the rapidly evolving world of decentralized technologies, Base is proving to be a game-changer. Its growth, its connection to popular platforms like Friend.tech, and even the controversies it has stirred, demonstrate a landscape that is as vibrant and unpredictable as the technology it embraces.

For now, the crypto community is riding the Base wave, keenly watching where this new kid on the block(chain) will lead them next.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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