• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    BlackRock CEO Predicts $500K Bitcoin Surge

    BlackRock CEO Predicts $500K Bitcoin Surge

    Metaplanet Launches US and Japan Subsidiaries Amid Market Volatility

    Metaplanet Launches New US, Japan Subsidiaries Amid Stock Volatility

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Next Technology's Major Bitcoin Acquisition Plans

    Next Technology Plans $500M Stock Sale to Buy Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

    Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

    Cardano Founder Engages in Key Crypto Regulation Meeting

    Cardano Founder Engages in Key Crypto Regulation Meeting

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Shiba Inu Market Trends: Exchange Reserves and ETF Discussions

    Shiba Inu Exchange Reserves Drop Amid ETF Buzz

    Forward Industries' $4B Solana Investment Strategy Unveiled

    Forward Industries’ $4B Solana Investment Strategy Unveiled

    CleanCore's DOGE Treasury Surpasses $160M Boosting Market

    CleanCore’s DOGE Treasury Surpasses $160M Boosting Market

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Coinbase’s Base Network Advances to Stage 1 EVM Rollup

Adriana M. by Adriana M.
April 30, 2025
in Altcoin News
ethereum base rollup network art
Key Points:
base-networks-progression-to-stage-1
Base Network’s Progression to Stage 1

Base Network’s Progression to Stage 1

Base, the Ethereum Layer 2 rollup developed by Coinbase, successfully advanced to Stage 1 EVM rollup, enhancing network decentralization and security. The announcement was made by Tom Vieira, Head of Product at Base, marking a pivotal moment in the network’s evolution.

The milestone holds significant importance as it aligns with the Ethereum scaling roadmap, potentially attracting new users and capital. The immediate market reaction has been largely positive, indicating increased trust in Ethereum’s decentralization.

Base’s advancement represents a notable step in decentralizing Ethereum Layer 2 solutions. Coinbase’s leadership, under Tom Vieira, played a crucial role in steering this transition, marking a reduction in Base’s centralization. The network now operates with a security council of ten independent entities, enhancing decentralization and security.

Tom Vieira, Head of Product at Base (Coinbase), clarified, “The move means that Base will now have a security council, a network of ten ‘independent entities, which we chose from all around the globe.’ These are folks from the Base ecosystem and from the broader Ethereum ecosystem, who will help approve certain network upgrades if needed.”

Impact on the Ethereum Ecosystem

This advancement highlights significant leadership actions taken by Coinbase. Moving to Stage 1 EVM rollup, Coinbase fosters Base’s move toward reducing reliance on centralized entities. This transition brings vital upgrades and changes within the broader Ethereum ecosystem, boosting the decentralized infrastructure.

The immediate effects on the cryptocurrency industry are profound. Other Layer 2 solutions have similarly reached these stages, exemplified by networks like Arbitrum and Optimism. Enhancing decentralization increases trust and security within the Ethereum network.

From a financial perspective, Base’s recent transition may influence the confidence of institutional investors and developers. The enhanced security and reduced centralization are expected to attract more liquidity, new projects, and improve the position of Ethereum-backed activities in the market.

Potential outcomes include further integration with the Ethereum network and similar advancements by other networks. The Stage 1 milestone may provoke innovations in Layer 2 scaling solutions, following historical trends where increased decentralization boosts participation and growth. The broader impact on Ethereum and similar ecosystems appears promising. For more insights on current trends and metrics, the cryptocurrency market offers valuable analysis.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

ZachXBT Uncovers $330 Million Bitcoin Theft

Next Post

Bitwise CIO Predicts U.S. Banks to Offer Bitcoin ETFs by 2025

Adriana M.

Adriana M.

Related Posts

Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

Bio Protocol Secures $6.9M Funding Led by Maelstrom Fund

by Solomon M.
September 18, 2025

Bio Protocol raises $6.9M, led by Arthur Hayes' Maelstrom Fund, advancing AI-driven decentralized science.

Cardano Founder Engages in Key Crypto Regulation Meeting

Cardano Founder Engages in Key Crypto Regulation Meeting

by Solomon M.
September 17, 2025

Cardano's Charles Hoskinson joins U.S. Senate roundtable to discuss crypto regulations.

Wormhole Launches W Token Reserve and Revamps Tokenomics

Wormhole Launches W Token Reserve and Revamps Tokenomics

by Adriana M.
September 17, 2025

Wormhole unveils W token reserve, introducing revised tokenomics with a 4% base yield.

Shiba Inu Market Trends: Exchange Reserves and ETF Discussions

Shiba Inu Exchange Reserves Drop Amid ETF Buzz

by Solomon M.
September 17, 2025

Shiba Inu sees declining exchange reserves as ETF discussions impact SHIB market dynamics.

Forward Industries' $4B Solana Investment Strategy Unveiled

Forward Industries’ $4B Solana Investment Strategy Unveiled

by Solomon M.
September 17, 2025

Forward Industries launches $4B ATM program to boost Solana holdings, impacting markets and governance.

CleanCore's DOGE Treasury Surpasses $160M Boosting Market

CleanCore’s DOGE Treasury Surpasses $160M Boosting Market

by Solomon M.
September 17, 2025

CleanCore Solutions increases Dogecoin treasury over $160M, creating market momentum.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.