Coinbase recently released a plan to pursue decentralization and neutrality for its new Base blockchain, just weeks after the network went live. The new framework, known as the Base Neutrality Principles, is meant to align with Optimism’s Law of Chains, a framework meant to unify various chains built in keeping with the project’s vision for a Superchain. Coinbase’s challenge is to reap the benefits from having an associated network without exerting undue control over it and undermining the purported benefits of decentralization.
The Base Neutrality Principles consists of five standards, and Coinbase has said it will commit to a set of standards for all OP Stack blockchains and ensure both builders and users can access the neutral and open blockspace of Base. These standards include not controlling the crypto that users bring to Base, not giving preference to the order of transactions that occur on the blockchain, not using private transaction data for marketing purposes, and not posing any limitations on exiting or withdrawals for users of Base.
The team behind Optimism said in their own blog post that Base’s commitment to the Superchain vision means that Base and OP Mainnet will go through the same upgrades, so that the chains remain compatible. Transactions fees will also be split, and some of it will go to the Optimism Collective through a smart contract. According to Optimism, Base users will have the ability to earn up to about 118 million OP tokens (currently worth about $183 million) over a six-year period. We want to create a virtuous cycle that ensures sustainable funding for the open-source OP Stack and other public goods that enable Base, thereby creating more innovation and growth, said Jesse Pollak, the creator of Base, in a blog post.