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Syncord | Official News Channel Syncord | Official News Channel @nmbplatform · 3.89K subscribers
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Hello Community 👋

Let's look at the current situation of blockchains in the market.

Ethereum Layer 2: Base leverages Ethereum’s Layer 2, reducing transaction costs by over 90% compared to Ethereum mainnet and achieving higher security than BSC.

Coinbase Integration: With access to Coinbase’s 100M+ user base, projects on Base gain significant exposure and streamlined onboarding.

Developer Support: Base’s open-source model via Optimism attracts extensive community contributions, leading to faster development cycles and over 60% lower costs in developer tools and resources.

Ethereum Interoperability: Base is fully compatible with Ethereum, supporting the $500B+ Ethereum ecosystem seamlessly, unlike BSC’s more isolated infrastructure.

Decentralization: Base’s decentralized validator network ensures higher security and transparency, addressing the centralization concerns often associated with BSC.

Base is TOP-1 L2 on Ethereum now

Why we choose BASE Over BSC or Solana?

BASE > BSC: BASE stands out as a decentralized network, unlike BSC, which operates in a more centralized way. This decentralization makes BASE inherently more secure and reliable for DeFi applications and aligns well with the new approach to stablecoins. Additionally, BASE is supported by one of the largest exchanges, Coinbase, which not only strengthens its credibility but also drives robust marketing efforts, leading to substantial user growth. For us, this is a strategic opportunity to attract a large user base with minimal additional effort.

BASE > Solana: BASE operates as an EVM-compatible network (Ethereum Virtual Machine), meaning it leverages the well-established Ethereum ecosystem, which is already extensively studied and has abundant resources for development. Since we have the necessary infrastructure and experience for EVM networks, working with BASE is more cost-effective and streamlined. Solana, on the other hand, has implemented a fundamentally different system, with unique approaches to smart contract state storage and account management. This divergence from EVM standards requires additional resources and learning time, making development on Solana more complex.

Modernity and Reputation:

BASE is a relatively new blockchain with a strong reputation for reliability and decentralization. Supported by Coinbase, BASE not only operates with stability but also enjoys strong growth momentum, attracting new users and expanding its ecosystem actively. This presents an ideal platform for our project, as we look to grow with a secure, scalable, and well-supported network.
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