Vitalik Buterin Supports Coinbase’s Base L2 as Decentralization Model

Vitalik Buterin Supports Coinbase’s Layer-2 Network

Ethereum co-founder Vitalik Buterin endorses Coinbase's Layer-2 network, Base, highlighting its decentralization and enhanced user experience.
Base utilizes Ethereum's secure base layer to ensure non-custodial operations, allowing users control over their funds.
If an L2 operator shuts down, users can still withdraw assets through Ethereum, maintaining Stage 1 security standards.
Regulatory debates arise around centralized sequencers, with US SEC Commissioner expressing concerns about them functioning like exchanges.
Coinbase’s Chief Legal Officer argues that sequencers are infrastructure providers, not marketplaces, similar to Amazon Web Services.
Base explores launching a native token to align incentives and support governance, though plans are still tentative.
The network has grown significantly, securing nearly $16 billion and processing over 330 million transactions in the last month.

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