Final 12 months, Coinbase launched Base, its personal Layer 2 blockchain. It’s an bold mission that might profoundly change not solely Coinbase, however your complete cryptocurrency business. That's why we're excited to ask Jesse Pollak to fromcrypto Disrupt 2024. He's the Head of Protocol at Coinbase. Extra importantly, he’s additionally the creator of Base.
When Coinbase participated within the startup accelerator program Y Combinator, the corporate needed to grow to be the simplest and most safe service to purchase, promote, ship and obtain bitcoins. And over the previous 12 years, the corporate has grown tremendously—as has the crypto business—to grow to be one of many largest cryptocurrency exchanges on the earth and some of the influential tech corporations.
However because the crypto area matures, many corporations are returning to the unique premise of cryptocurrencies and blockchains: Every little thing ought to be decentralized.
Decentralization is not only a buzzword. It signifies that issues are extra clear for customers, as transactions on the chain might be extra simply tracked and audited. It additionally creates a stage enjoying subject for builders as they’ll extra simply combine with different merchandise; promotes innovation.
That is why Coinbase focuses on on-chain merchandise. Base is a safe, low cost and developer-friendly Ethereum layer-2 blockchain. It may very well be thought of Coinbase's most bold guess on decentralization.
It serves as the house for all of Coinbase's on-chain merchandise, however anybody can even construct decentralized functions on Base. It’s constructed utilizing open-source know-how, particularly Optimism's OP Stack.
Pollak was in command of the bold Base mission on Coinbase. Previous to this function, he beforehand led all retail engineering on the firm and labored on a number of tasks equivalent to Coinbase, Coinbase Professional, and Coinbase Pockets. Earlier than becoming a member of Coinbase, Pollak labored on Clef, a cellular 2FA utility. He started his know-how profession as a software program engineering intern at BuzzFeed.
He tells us why Coinbase is shifting outdoors its consolation zone and betting on protocols. fromcrypto Disrupt 2024 takes place October 28-30 in San Francisco. You should buy tickers proper now and be a part of us on this dialog about what it's prefer to construct a layer 2 blockchain and why decentralization is essential.
