The Ultimate Handbook for Understanding the Basics of Blockchain Technology
Ethereum (ETH) is a vital component of the blockchain ecosystem. Serving as the primary platform for a wide range of decentralized applications (dApps) and smart contracts, it has been instrumental in the growth of decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming.
However, Ethereum faces challenges such as transaction speed, cost, and scalability. In response, Layer-2 blockchains have emerged to address these issues by processing transactions off the main Ethereum blockchain, while maintaining its security. This approach aims to accelerate transactions, reduce costs, and increase transaction throughput.
One of the leading Layer-2 solutions is Base. Utilizing the OP Stack created by Optimism, Base aims to resolve Ethereum’s challenges and enhance its capabilities, positioning Ethereum as a cutting-edge blockchain. Here is our comprehensive guide to the Base blockchain.
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