![Outlook for coinbase](https://cdn2.cdnme.se/5447227/9-3/23_64e61dfde087c337bd195b74.jpg)
In a nutshell, Optimistic Rollups allow multiple transactions to be bundled together and processed off-chain, with only a single transaction representing the entire bundle being sent to the Ethereum network for settlement. Optimism uses a technology called Optimistic Rollups, which allows for the off-chain execution of transactions and computation while still ensuring the security and truthfulness of the Ethereum network. It is one of the scaling solutions that help reduce the congestion on the Ethereum blockchain. Optimism(OP) is a Layer 2 scaling solution for Ethereum, which aims to increase the transaction throughput and reduce the gas fees on the Ethereum network. Base Builds On Optimism - The Layer-2 Network For Ethereum Optimism
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The meme coin has almost reached its target for stage 1 presale and will soon proceed to its second presale stage. The meme coin started its presale some weeks back and had made some progress within the time frame, selling close to 5 billion tokens. In addition, the Dogetti (DETI) meme coin also spurs some action from investors in the market. The testnet of the base began on February 23rd, and within that short frame, the OP token has gone on a rollercoaster of price increases. The network claimed that the aim of launching this new network is to provide their users, both old and new, with a decentralised system open to all. The Coinbase network intends to lure millions of cryptocurrency users to this base, which will host tons of new coinbase on-chain products.
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The dApp dubbed base is the latest addition to the optimism chain, and its recent launch has caused some uprisings, steering the OP price to another 6% high in the last week. Coinbase, one of the biggest cryptocurrency exchanges, took the market by surprise when they launched a test net of their recent project on the Ethereum blockchain.
![Outlook for coinbase](https://cdn2.cdnme.se/5447227/9-3/23_64e61dfde087c337bd195b74.jpg)