Coinbase's Base Network Achieves Stage 1 Rollup Status, Enhancing Decentralization

Coinbase's layer-2 network Base has been upgraded to Stage 1 status, marking an important milestone in its journey toward full decentralization. The upgrade introduces a security council consisting of ten independent entities from the Base and broader Ethereum ecosystems, which will help approve network upgrades and ensure transaction security through permissionless fault proofs. This approach, based on a framework outlined by Ethereum co-founder Vitalik Buterin, balances decentralization with the need for speed and security. Since its launch in August 2022, Base has grown rapidly to become the largest rollup with $11.72 billion locked in the protocol. By reducing reliance on centralized control—specifically from its creator, Coinbase—the network is poised to gain increased investor confidence and credibility in a competitive layer-2 market.