Coinbase, a leading cryptocurrency exchange, has outlined four critical innovations that should be built on its newly launched layer-2 network, Base. The exchange believes that the implementation of these innovations will help to strengthen the network and enhance user experience. The network is powered by the layer-2 network Optimism and secured by Ethereum, and the innovations include an on-chain reputation system, an on-chain limit order book exchange, tools for the decentralized finance (DeFi) ecosystem, and inflation-pegged "flatcoins."

Coinbase is one of the largest cryptocurrency exchanges globally, and it launched its layer-2 network, Base, approximately a month ago. The network is secured by Ethereum and powered by Optimism, another layer-2 network. Coinbase is now looking to add new features to the network to enhance its functionality and user experience.

The first innovation identified by Coinbase is an on-