[ad_1] <br><div data-test-id="content-container"><p><figure class="getty-figure" data-type="getty-image"> <picture> <img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w750" alt="Coinbase Releases Third-Quarter Financial Results" data-id="1352237969" data-type="getty-image" width="5816px" height="3870px" srcset="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1352237969/image_1352237969.jpg?io=getty-c-w240 240w" sizes="(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px"/> </picture> <figcaption class="caption" data-type="getty-image"><p>Leon Neal/Getty Pictures Information</p></figcaption> </figure></p> <p>Coinbase International (<span class="ticker-hover-wrapper">NASDAQ:<a target="_blank" href="https://seekingalpha.com/symbol/COIN" title="Coinbase Global, Inc." rel="noopener">COIN</a></span>) is debuting a testnet of its personal ethereum-secured blockchain community in a bid to make it simpler for builders to construct decentralized functions, based on a weblog publish dated Thursday. </p> <p>The testnet<span class="paywall-full-content invisible"> will enable builders to check out the brand new layer 2 community, referred to as Base, to keep away from any interruptions earlier than the formal launch. So-called layer 2 options assist networks enhance velocity and cut back transaction charges as they construct on prime of layer 1s.</span></p> <p class="paywall-full-content invisible">Base is being marketed as "a house for Coinbase’s (<a target="_blank" href="https://seekingalpha.com/symbol/COIN" title="Coinbase Global, Inc." rel="noopener">COIN</a>) onchain merchandise and an open ecosystem the place anybody can construct," the corporate mentioned. The launch comes because the centralized trade seeks to scale back its dependence on <a target="_blank" href="https://seekingalpha.com/news/3939255-coinbase-stock-swings-between-gains-and-losses-as-analysts-parse-q4-results" rel="noopener">revenue from retail trading</a>, which has been damage by a lingering market downturn. </p> <p class="paywall-full-content invisible">As well as, Base will present safe entry not simply to ethereum (<a target="_blank" href="https://seekingalpha.com/symbol/ETH-USD" title="Ethereum USD" rel="noopener">ETH-USD</a>), but in addition to solana (<a target="_blank" href="https://seekingalpha.com/symbol/SOL-USD" title="Solana USD" rel="noopener">SOL-USD</a>) and layer 2 networks like Optimism. Coinbase (<a target="_blank" href="https://seekingalpha.com/symbol/COIN" title="Coinbase Global, Inc." rel="noopener">COIN</a>) <a target="_blank" href="https://www.coinbase.com/blog/introducing-base" rel="noopener">said</a> it is becoming a member of the Optimism community as a core developer on its developer toolkit, open supply OP Stack. </p> <p class="paywall-full-content invisible">On the identical time, the agency has launched Base Ecosystem Fund, which is able to take stake in and help sure early-stage tasks constructing on Base. </p> <p class="paywall-full-content invisible">In December 2022, Coinbase (<a target="_blank" href="https://seekingalpha.com/symbol/COIN" title="Coinbase Global, Inc." rel="noopener">COIN</a>) was compelled by Apple to cease non-fungible token transfers <a target="_blank" href="https://seekingalpha.com/news/3913375-coinbase-forced-to-stop-nft-transfers-on-its-ios-wallet-app" rel="noopener">on its iOS wallet app</a>. </p></div> <br>[ad_2] <br><a href="https://seekingalpha.com/news/3940036-coinbase-rolls-out-its-own-ethereum-powered-blockchain-network?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aindices%7Csection_asset%3Alatest_news%7Cline%3A6">Source link </a>