Coinbase Delays Base Token Launch, Shifts Focus to Open-Source Ecosystem

Coinbase has delayed the token launch for its Base network and is prioritizing an open-source approach. The delay reflects a cautious strategy focused on community alignment and decentralization of the blockchain ecosystem. Coinbase’s commitment to building a trust-first environment aligns with its belief in a decentralized future, as exemplified by its development of Base as an Ethereum Layer 2 network. Jesse Pollak, Head of Base at Coinbase, likened Base’s approach to Linux, implying that it will be an open-source platform similar to the tech giant.