1. Base (Onchain) - The Layer 2 Blockchain by Coinbase

What is Base?

Base is a Layer 2 (L2) blockchain for Ethereum, incubated and developed by the major cryptocurrency exchange Coinbase. Its primary goal is to provide a fast, low-cost, and secure environment for building decentralized applications (dApps).

Onchain refers to activities that occur "on the blockchain." This word is a core part of Base's philosophy and branding. Their mission is to bring more users, assets, and data from the centralized world (Web2) to the decentralized and transparent world of the blockchain (Web3). This is why they launched popular campaigns like "Onchain Summer" to encourage developers and users to build and use applications on the Base network

Key Features of Base:

• Incubated by Coinbase: This fosters trust and allows for deep integration with Coinbase's ecosystem.

• Very Low Fees: Transaction costs on Base are a fraction of what they are on the Ethereum mainnet.

• High Speed: Transactions are confirmed much faster.

• EVM Compatibility: Ethereum developers can easily migrate their applications to the Base network.

• Secured by Ethereum: The security of transactions is ultimately guaranteed by the Ethereum mainnet.

In summary, Base is a Layer 2 blockchain aiming to bring the next wave of users into the decentralized world, or "onchain."