Envision moves to Base chain

Coinbase is a familiar name when it comes to crypto and digital assets. Their position as one of, if not the most legitimised on-ramp into digital assets made it an easy decision for Envision to move its smart contracts across to their newly incubated Base blockchain.

Base Chain, launched by Coinbase in August 2023, is an Ethereum Layer 2 Scalability Solution aimed at alleviating Ethereum’s scalability challenges.

Here’s why it’s making waves:

1. Enhanced Scalability: Built on Optimism’s OP Stack, Base Chain employs a modular approach to scale Ethereum’s transaction throughput. By delegating specific tasks to other blockchains, it effectively reduces network congestion and enhances overall system performance.
2. Developer-Friendly: Designed with developers in mind, Base Chain offers compatibility with the Ethereum Virtual Machine (EVM), making it seamless to deploy existing Ethereum applications. Developer tools and integrations further streamline the development process, fostering innovation.
3. User Adoption Focus: Base Chain aims to onboard more users onto the blockchain by simplifying interactions with decentralized applications (dApps). Leveraging Coinbase’s user base and on-ramp capabilities, it makes blockchain more accessible and cost-effective for everyone.
4. Planned Decentralization: While currently incubated by Coinbase, Base Chain is on a trajectory towards decentralization. Over time, governance and control will transition to the community, ensuring a more decentralized network.

Base Chain’s modular approach offers several key benefits:

• Improved Efficiency: By optimizing Ethereum’s infrastructure, Base Chain enhances transaction processing times and reduces fees, making blockchain interactions more efficient.
• Flexibility and Adaptability: Its modular architecture allows for easy integration of new features and functionalities, ensuring Base Chain stays competitive amidst technological advancements.
• Interoperability: Base Chain fosters interoperability with other blockchain networks, enabling seamless data exchange and expanding its utility across ecosystems.

Base Chain’s optimistic rollup mechanism, coupled with its focus on scalability, developer-friendliness, and planned decentralization, positions it as a frontrunner in the Ethereum Layer 2 space. As the blockchain landscape continues to evolve, collaborating with solutions like Base Chain paves the way for a more scalable, inclusive, and decentralized future.

We have begun migrating our platform contracts to base testnet and look forward to sharing more details on our migration to Base and our progress on development updates in the coming weeks.