A Leap Towards Advanced, Cost-Effective DApps
In a bold stride within the blockchain arena, Base, the brainchild of Coinbase, continues its development march undeterred. The latest feat? Seamlessly blending with Chainlink Automation as of January 23. This move is more than mere integration; it's a gateway for developers, ushering in a realm where crafting sophisticated Decentralised Applications (DApps) becomes not just feasible but also financially savvy.
Chainlink Automation: The Power Behind the Throne
Imagine a world where your computer's heavy-lifting is taken care of, not by your machine, but by a network adept at handling such tasks efficiently and, importantly, economically. This is the essence of Chainlink Automation. For those sailing on the Base network, this is a windfall, slashing costs by a staggering 90%. The equation is simple: reduced fees equal more computational might. And with this might, developers on Base are not just dreaming but actualising more intricate DApps, previously confined to the realm of wishful thinking.
Jesse Pollak, a pioneer at Base, encapsulates this sentiment, "The fusion of Base with Chainlink's advanced offchain compute prowess is not just an upgrade. It's the dawn of a new era for DApps, broadening horizons we dared to explore."
Base's Trifecta with Chainlink
The relationship between Base and Chainlink isn't a fleeting encounter; it's a robust partnership, with Chainlink Automation becoming the third jewel in Base's crown, joining the ranks of Cross-Chain Interoperability Protocol (CCIP) and Data Feeds. This alliance isn't just about enhancing capabilities; it's about redefining the very fabric of Layer 2 chains, steering towards a future where transactions are not just fast, but also cost-effective.
The Audacious Vision of Base
Under the visionary gaze of Coinbase's CEO, Brian Armstrong, Base is not merely treading water. It's swimming vigorously towards a horizon where transactions are lightning-fast and cost a mere penny. While skeptics may scoff, Armstrong's resolve is unwavering, his eyes firmly set on this ambitious zenith.
Since its inception in August 2023, Base has been nothing short of a phenomenon, clinching the fourth spot in Ethereum Layer 2 by Total Value Locked (TVL), boasting a formidable $689 million, as per L2Beat's latest data.
Navigating a Competitive Landscape
However, Base's journey is not without hurdles. It navigates a landscape bristling with rivals like Arbitrum, the reigning monarch of Ethereum Layer 2 by TVL. Base's unique stance, shunning the launch of a native token, sets it apart in this fiercely competitive arena.
Base's ascendancy to the fourth largest Ethereum Layer 2 chain by TVL is more than a statistic; it's a testament to its relentless pursuit of innovation. The integration with Chainlink Automation is not just an upgrade; it's a clarion call to developers, heralding a new epoch where creating cutting-edge solutions on the network is not just a possibility, but a palpable reality.