Built as Ethereum's Layer 2 (L2) blockchain network, Base is designed to improve performance, interoperability, and scalability, while reducing transaction fees and settlement times. Base processes transactions off the main chain through a mechanism known as “rollups”, which combines multiple transactions into a single batch and sends them as a single batch to Layer 1 Ethereum for validation. Such an approach helps reduce fees and load on the Ethereum main network. The main uses of Base include:
- Decentralized finance (DeFi) platforms.
- Non-fungible token (NFT) marketplaces.
- Games and virtual worlds.
- Social media platforms.
- Supply chain and logistics applications.
Base's compatibility with Ethereum-based tools and frameworks, as well as lower fees and faster transaction times, make it a useful platform for both developers and users.