"To understand why Pollak's project is a fraught one, it's helpful to go back to 2015 when, in the depths of a crypto winter, some began rallying around the phrase "blockchain not Bitcoin." The idea, popularized by an emerging corporate faction of the crypto industry, held that it was best to leave blockchain technology to banks, IBM and other established players."
""We don't want to recreate the old systems with new tech. From day one, we've focused on decentralization. Not just talk-we've taken real steps. First, we built Base as an Ethereum L2, not an isolated chain. Second, we built on the OP Stack, an open standard. Third, we moved from stage 0 to stage 1 decentralization earlier this year in collaboration with Optimism and others," he said, describing technical aspects of Base."
Corporate blockchains have regained momentum as companies build proprietary chains while lessons from the 2015 'blockchain not Bitcoin' era remain relevant. Many early corporate projects like R3 failed because they operated as centralized databases favoring owners, demonstrating that Bitcoin-style decentralization matters. The Base chain distinguishes itself through explicit decentralization choices: built as an Ethereum Layer 2, adoption of the OP Stack open standard, and an accelerated move from stage 0 to stage 1 decentralization in collaboration with Optimism and others. Base's codebase is open source and aims to function as a Linux-style ecosystem attractive to diverse crypto builders.
Read at Fortune Crypto
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