Base: Coinbase's New Layer 2 Kicks Off

Jesse Pollak is the creator of Base which a Layer 2 scaling solution from Coinbase which launched last week. Base has quickly become a trending topic and a trending chain this summer, attracting more than $200M of value in its short life. Coinbase is the world’s second- largest crypto centralized exchange by volume, and now it’s moving to the on-chain world, so it’s worth watching. In our conversation we will dive into the origin story of Base, why opt for a Layer 2 and not start a new Layer 1, why go for Optimistic rollups, how Base is unique in the already crowded Layer 2 space, their decentralization road map and more. Before we get to it, let's hear an introduction to Base from Jesse.

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00:00 Introduction
00:50 What is Base? What does it do?
09:20 Why Ethereum?
14:14 Background and Building Base
20:45 Decentralizing Base
33:45 Rug-pull Before Launch
40:45 Layer two Improvements
45:54 The Goal of Being Onchain

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