Coinbase's 'Base' Powering Layer 2 Summer
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 26 July 2023
⏱️ 42 minutes
🧾️ Download transcript
Summary
Today on the show we welcome back Jesse Pollak. Jesse is the Head of Protocols at Coinbase and the Creator of Base.
Base plays the important role of trailblazing the future of Layer 2's and doesn't let it's centralized parent get in the way of innovation. Can Base be the spark that kicks off "Layer 2 Summer"?
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TIMESTAMPS
0:00 Intro
9:00 Public Perception of Base
10:12 Why is Base a Big Deal?
14:34 Investing in Decentralization
16:11 Trailblazing for an Entire Industry
20:52 A New Level Of Collaboration
23:41 Contributing Fees to Public Goods
30:46 Layer 2 Summer
35:17 Wen Mainnet?
42:07 Onchain vs On-Chain
45:07 Closings and Disclaimers
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RESOURCES
Jesse Pollak
https://jessepollak.com/
Build on Base
https://base.org/
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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Transcript
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| 0:00.0 | The end venue of Bangladesh Nation today at ECC, I talked to Jesse Pollock of Base. |
| 0:07.8 | It's interesting that everyone seems to associate Jesse Pollock with Base. |
| 0:10.6 | He's actually at Coinbase, building Base, and that actually is a difference. |
| 0:15.6 | One of the nuances that we unpack in this show about Base, of course, is that Base is |
| 0:19.3 | its own independent chain being incubated by Coinbase, but it is not Coinbase. |
| 0:24.6 | It is a decentralized, or will be a decentralized layer 2, incubated by perhaps one of the largest |
| 0:30.8 | centralized company in crypto, but will eventually be cast off on its own to join the Super |
| 0:35.8 | Chain, the OP Stack Super Chain. |
| 0:38.7 | So we unpack a lot of these conversations. |
| 0:40.6 | Of course, we're all very excited about the seemingly knock on wood incoming layer 2 |
| 0:46.4 | summer. |
| 0:47.4 | I feel like I start this conversation off here that Base, the layer 2, is at the spearhead |
| 0:52.1 | of what might be a layer 2 summer, and of course, layer 2 bull markets, what that really |
| 0:56.6 | means. |
| 0:57.6 | Coinbase is going to funnel potentially thousands, tens of thousands, hundreds of thousands |
| 1:02.2 | of users, and developers onto Base. |
| 1:05.1 | At the same time, all of these other layer 2s have been building out their own groundwork, |
| 1:08.9 | the ZK rollups, the ZK Stack Polygon Optimism. |
| 1:12.4 | All of these things have been growing for the past three or four years now. |
| 1:16.9 | And with Coinbase funneling people into this industry through Base, these are the ingredients |
| 1:21.8 | that have gotten so many in the Ethereum community excited for a potential layer 2 summer. |
| 1:26.0 | And so we talk about this. |
... |
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