Jesse Pollak, a top executive at Coinbase, unveiled the journey of creating Base, a layer-2 solution for Ethereum. Developed over more than a year and a half, Base emerged in 2023 after Pollak decided to stay at Coinbase despite planning to leave in 2021.
Pollak expanded his team from 3 to 250 members and initially proposed turning Coinbase into a DAO, but the board declined. Eventually, Base became the chosen solution. Community collaboration played a vital role, fostering an atmosphere of innovation akin to Silicon Valley’s spirit.
Base hit a record high of 2.27 million transactions in March and increased its transaction speed to 400 TPS by April. These milestones highlight Base’s ability to scale Ethereum effectively. Pollak emphasized the importance of introducing people to digital assets without political or ideological biases, aiming for a valuable user experience.
The creation of Base marks a significant advance for Coinbase and the broader cryptocurrency market, promising to foster innovation and adoption in the years ahead.
