Base, the popular Layer-2 network from Cryptocurrency Exchange Coinbase (Coin), is now a “Phase 1” rollup, the company said, creating its way to full decentralization.
The transition to a “phase 1” raising comes as other LAG -2s have also reached the milestone, making these networks less dependent on centralized devices.
The move means that base now wants a security council, a network of ten “independent devices that we chose from all over the world,” said Tom Vieira, the product manager at Base, in an interview with Coindesk. “These are people from the base ecosystem and from the wider Ethereum ecosystem,” who will help approve certain network upgrades if necessary, Vieira added.
In addition, error certificates are permitted free now on the base, which means that anyone can verify or control the transaction mode from the network without relying on a central unit.
Achieving the so-called Phase 1 Rollup status comes from a blog post from Ethereum-Medfarmer Vitalik Barterin, where he categorized platforms according to their degree of decentralization, with phase 1 dependent on certain protective rails or “limited training wheels” and sacrifices on certain elements in decentralization for safety and speed.
Butterin initially shared this framework in 2022 when Rollups began to become more popular. A few years later, he expressed his concerns about their safety, so he wrote on X that he would only talk publicly about a LAG-2 network if it had reached (at least) step 1.
The base was launched by Centralized Exchange Coinbase in August 2022, and since then the largest rollup, according to L2Beat, is with $ 11.72 billion locked in the protocol. Now the largest LAG-2 network will be less dependent on the coinbase itself.
Read more: Coinbase’s Layer 2 System Base gets a marketplace linked to gas revenue