Bankless 1 Billion Users Onchain | Jesse Pollak of Base
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May 2, 2024 
Jesse Pollak, co-creator of Base and driving force behind Coinbase's L2 scaling solution, shares how they aim to onboard a billion users onto the blockchain. He discusses Base's impressive growth, scaling by 400x, and its pivotal role in making on-chain transactions more accessible. Pollak delves into reducing transaction costs, the potential for free transactions, and the decentralization debate surrounding Base. Plus, he gives a sneak peek at the exciting Onchain Summer II initiative, designed to boost community engagement and innovation.
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Transaction Costs on Base
- Transferring ETH on Base now costs about one cent, significantly reduced from the 10-30 cent range pre-EIP-4844.
- Base aims for sub-one-cent fees processed in under a second to enable broader on-chain adoption.
Data Availability
- EIP-4844 introduced blob space for rollup data, like a new, currently cheap HOV lane.
- Base prioritizes Ethereum's data availability roadmap for trust and security, focusing on PureDAS for scaling.
Layer 3s on Base
- Layer 3s on Base function as servers with easier on-chain asset integration and cheaper operation.
- Base tracks six or seven active L3s, expecting growth to hundreds this year, fostering experimentation.