Base is an Ethereum layer two blockchain network and it is backed by Coinbase Exchange. I see that these days this chain is also getting more attention in the market and even USDC is more popular which is available on this chain. We know that USDC is the second leading coin in the market after USD T and we can't deny the fact that this coin has got quite a big market share as of now. The good thing about the base chain is that the transaction fee is minimal like we do with other chains example Tron or BSC.
It is good because as a user we always expect the chain to be offering the fastest transaction settlement along with minimal charges. Glad that the base chain has been maintained since day one I have also used this chain for some transactions recently and my experience was good. This is a layer two chain built on the Ethereum blockchain network and based on the recent update it seems that this base chain is trying to be more on the decentralisation side. It is good and I hope that they implement many more functions and innovations in the chain to make it more fast and secure while adopting decentralisation.
Very soon the base chain is going to launch fault-proofs and this will take the chain to the next level on its journey to decentralisation. This update is scheduled to be implemented on October 30th which I think is great because in a matter of one week, this will be done and post that the chain will be more decentralised and any user will be able to monitor invalid withdrawals. Even users will be able to challenge the invalid withdrawals if they notice and they would not be required to have a trusted 3rd party which is going to make the overall transactions secure and also to get rid of invalid transactions on the chain.
Base, an Ethereum layer-2 blockchain incubated by Coinbase, is set to become more decentralized with the introduction of a new fault-proof system. With fault proofs coming to Base on Oct. 30, users can monitor and challenge invalid withdrawals, which removes the need for a trusted third party, Base said.
Innovation is the key and looks like the base chain is trying to do that as much as possible. Hope that they bring many more such features on the chain to offer a seamless experience to the users and that is what we all expect so let us see how it works post this change which has already been announced and we are going to have it in just one week.
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