TIL that Coinbase sponsored its own L2 on ETH called $base and it’s sending shitcoiners in a frenzy. A publically traded L2 built on sand.
Wait until they hear about bitcoin..
Discussion
I don't understand why ETH even has an L2, their whole point abandoning the utxo model to go with their account-based one was that L2s like lightning were unnecessary for ETH because settling tokens on ETH and other chains would address scaling concerns.
The term "ETH L2" is an admission in of itself that ETH is useless and has no reason to exist.
The fuck are they doing over there?🤷
They can’t even proof of stake good