Lates News

The public blockchain Base, initiated by Coinbase, is exploring the launch of a new cryptocurrency that could help raise funds for the projects it supports. This token, according to Base, will be called "network token". Network tokens are typically used to pay for the fees associated with transactions within applications on the blockchain ledger. Coinbase CEO Brian Armstrong believes that this yet-to-be-launched token could help achieve broader goals - such as enabling decentralized payments outside of traditional channels and encouraging developer participation. He also cautioned that this idea is still in its early stages.