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Home » Coinbase CEO Reveals Crucial Factor Behind Base’s Impressive Transaction Speed

Coinbase CEO Reveals Crucial Factor Behind Base’s Impressive Transaction Speed

Hania by Hania
August 24, 2023
in Altcoin News, Crypto Exchanges
Reading Time: 2 mins read
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Coinbase CEO Reveals Crucial Factor Behind Base’s Impressive Transaction Speed
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  • Brian Armstrong Talks On The Base TPS
  • The Major Advantage Coinbase Base Has In The Market

Coinbase CEO, Brian Armstrong reveals that the Friend.tech is the key reason why the Base TPS (transaction per second) is so high.

Brian Armstrong Talks On The Base TPS

Jesse Pollak, a top leader in the development of the L2 protocols, mentioned how the Base TPS has grown more than 5 times in an X post and has gone beyond the speed of Ethereum. Armstrong responded to the post by saying how the speed is at 16 and that the Friend. tech is the main source of boost for the protocol.

.@BuildOnBase hit 16 transactions per second yesterday

lots due to @friendtech but still – incredible growth https://t.co/saHlb5cP7q

— Brian Armstrong (@brian_armstrong) August 22, 2023

The Base protocol that aired out a few weeks ago and whose TPS has been recorded to go up by more than 75% in the past few days. It has already made major steps and is on the battlefield with Ethereum. The protocol has already integrated several decentralized applications.

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The Major Advantage Coinbase Base Has In The Market

The Base protocol works hand in hand with Optimism and the Coinbase exchange. With these two already having a major step up in the market, the support in terms of funding and ideas will fully help the Base protocol to grow. The performance recorded by this protocol is better than the Shibarium one which aired out last week and fell into major glitches which led to its suspension.

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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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