Coinbase, in Uncharted Territory as Public Company Running Blockchain, Pledges Neutrality

Coinbase has released a plan called the "Base Neutrality Principles" to ensure decentralization and neutrality for its new blockchain, Base, without exerting control over it, in accordance with Optimism's vision for a "Superchain."

coindesk.com

Relevant topic timeline:

8/3/2023

Coinbase’s blockchain Base to launch to the public next week

The main topic is the launch of Coinbase's layer-2 blockchain Base's mainnet to the public on August 9. Key points include: - Base has been operating on the testnet since late February and launched its "builder only phase" in mid-July. - Users can start bridging their funds onchain to mint NFTs and experience Base. - Base will kick off its Onchain Summer initiative, partnering with consumer brands like Coca-Cola and Atari. - Base has seen over $68 million worth of ether bridged to the network and over $200 million in trading volume and transactions. - The blockchain is partnering with Prop House to offer grants to builders building on Base. - Onchain activity is growing quickly.

8/23/2023

The Protocol: Coinbase Blockchain's Viral Use Case Puts Focus on Optimism's Tech

Coinbase's new Base blockchain, which operates as a layer-2 network atop Ethereum, has gained significant traction with its application Friend.tech attracting over 100,000 users and generating $25 million in fees, pushing its total value locked past $200 million and its transactions per second above Ethereum and rival layer-2 projects Arbitrum and Optimism.

8/24/2023

Base, Optimism unveil shared governance and revenue-sharing framework

Base and Optimism networks have announced a revenue-sharing and governance-sharing agreement, with Base committing to become more decentralized over time and Coinbase pledging to remain a neutral participant in the Base network.

8/31/2023

Coinbase CEO Brian Armstrong Reveals His 10 Favorite Crypto Innovations - Decrypt

Coinbase CEO Brian Armstrong shared ten emerging ideas in the cryptocurrency space that excite him, including the creation of a CPI-linked stablecoin, on-chain reputation systems, on-chain advertising, and decentralized labor markets.

9/8/2023

Coinbase CEO Armstrong Previews Web3 Priorities Ahead of 2024 Election

Coinbase CEO Brian Armstrong discusses the company's base layer 2 blockchain network, interest in flatcoin, and the need for regulatory clarity in the crypto industry, suggesting that the courts, congress, and the CFTC could provide clarity and that there could be a new SEC chair in 2024.

9/10/2023

Coinbase Eyes 'Flatcoins' - A New Type of Stablecoin Pegged to Inflation

Coinbase CEO Brian Armstrong revealed in an interview that the exchange is interested in developing the next generation of stablecoins, including the concept of flatcoin, which would be backed by the Consumer Price Index (CPI) or purchasing power rather than a fiat currency.

9/14/2023

Coinbase CEO Urges CFTC to Avoid Enforcement Actions Against DeFi Protocols

Coinbase CEO Brian Armstrong urges the U.S. CFTC to avoid enforcement actions against decentralized finance (DeFi) protocols, stating that they should be resolved in court to set a precedent.

9/15/2023

Coinbase's Base Layer 2 Blockchain Surges in Usage, Handling 1.88M Daily Transactions

Coinbase's layer 2 blockchain, Base, has experienced a surge in daily transactions, reaching an all-time high, with the increase mainly driven by a decentralized social network platform called Friend.tech.

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Posted 8/24/2023, 4:00:00 PM