Brian Armstrong assured that the Base platform will definitely not launch its own token in the near future. Rumors and misunderstandings arose due to a statement by the head of the legal department of Coinbase, Paul Grewal, who in September made it clear that such a token could be quite viable and the Base developers do not exclude the possibility of launching a coin.
Armstrong spoke about the progress of the Base blockchain: just three months since its launch in August, the total value of assets blocked in Base is already about $500 million. Base is now one of the top three largest networks in the second level.
Base has an ambitious goal of reducing the average transaction time on Coinbase to less than one second and reducing the cost of commissions to one cent, Armstrong said. Improvements will be required, including a strategic move to second-tier solutions and their integration with various applications.
Previously, the head of Coinbase said that payments in cryptocurrencies should be instant and free worldwide. In August, Coinbase said it was exploring ways to integrate its Lightning Network solution for faster and cheaper transactions.
Source: Bits
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