Key takeout
- Base launched Flash Blocks, reducing the block time of the Ethereum L2 to 200ms, making transactions faster.
- Coinbase wallet has become a base app that combines chat, payments, social and trading.
Base introduces a series of new features during the “A New Day One” meeting, demonstrating a major evolution in the Ethereum Layer-2 network. The platform has been officially rebranded as a base chain, demonstrating a broader vision beyond its original partnership with Coinbase.
The biggest technical upgrade is the Flash Block, which blocks from 2 seconds to 200 milliseconds, makes the base chain 10 times faster and is placed as one of the fastest L2s in the ecosystem.
Basechain has rebranded Coinbase Wallet, an all-in-one app that combines social, discovery, chat, payments and trading, into a base app. The redesign is intended to provide a seamless user experience that integrates key aspects of Web3 interaction under one interface.
Another core launch is MagicsPend. This allows users to pay gas fees and send transactions using the existing Coinbase balance. The goal is to eliminate friction by allowing seamless activities without manual fee management.
To accelerate development on the network, Basechain has announced Base Build. This is a new initiative that coincides with its ambitions for 1 million developers. The program provides tools and support to bring more builders into the basic ecosystem.