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Why we’re so excited about Base

Every new chain is breaking through the boundaries that crypto faced before.

First we had Polygon and Arbitrum, which introduced the concept of Layer 2 chains – new ecosystems which were built on top of established networks like Ethereum and hived off their transactions, allowing users to reach their desired trading outcomes more quickly.

Then we had Polygon zkEVM and zkSync Era, which multiplied these gains by processing transactions using innovation validation technologies which aren’t possible on Layer 1 chains like Ethereum.

And now we have Base.

Like Polygon and Arbitrum, Base provides a semi-independent ecosystem on top of the main Ethereum blockchain. Like Polygon zkEVM and zkSync Era, it uses super-fast rollup technology (in this case, optimistic validation) which creates a MULTIx increase in transaction throughput.

Where Base goes even further, though, is the tech stack is built on.

Base is built on the same open-source code that was used to create Optimism, another of those early-stage L2 blockchains. The idea is that, in time, other L2 blockchains will be built with this same code, creating a Superchain of inter-connected ecosystems which can all talk to one another, without bridges between them.

So you can use rhino.fi to bridge from Ethereum, Polygon, PolygonzkEVM, BSC, Arbitrum, Optimism, zkSync, Linea, and then glide between a whole load of other chains once you’re there.

Now we know what some of you might be thinking: Coinbase is a centralised exchange, and rhino.fi is 100% decentralised. Why are we so excited about a project which goes against our core values?

Well we’re still totally committed to decentralisation. Always have been, always will be. But, unlike Coinbase itself, Base is going to be totally self-custodial, and we support the wider goals of their mission: to ease the process of moving data, and value, between different chains, so you can explore opportunities more quickly without unnecessary hold-ups on the way.

Simplicity and convenience are going to be the cornerstones of the web3 revolution, and helping the unbanked nation access the products they need. Base is a huge step to achieving these aims.

If you have any questions about Base, bridges in crypto or anything else relating to this article, don’t hesitate to reach out on Twitter or Discord. We’ll be waiting to answer you.