Team Finance now supports Base: A Next-Gen Ethereum Layer 2 Solution

Team Finance (by TrustSwap) is proud to announce that we now support Base as yet another addition to our list of supported chains.

What is Base?

Base is an innovative Ethereum Layer 2 (L2) chain designed to offer an accessible, cost-effective, and developer-centric environment for on-chain development.

Developed in collaboration with Optimism, Base is built on the OP Stack, and is incubated by Coinbase.

What is a Layer 2 Network?

Layer 2 networks operate atop an underlying blockchain protocol (in this case Ethereum), enabling transaction processing off the mainnet (Layer 1).

This architecture yields numerous benefits for developers and users alike, encompassing improved scalability, enhanced transaction speeds, reduced gas fees, and upholding security and decentralization akin to the mainnet.

Key Features of Base:

• Fortified by Ethereum: Security and scalability lie at the heart of Base, which harnesses Ethereum's foundational security alongside Coinbase's established practices. This synergy facilitates seamless onboarding from Coinbase, Ethereum L1, and other interoperable chains, fostering trust and confidence.
• Empowered by Coinbase: Base grants developers access to Coinbase's array of products, users, and tools, simplifying the development of decentralized applications. By integrating effortlessly with Coinbase products, supporting fiat onramps, and providing robust acquisition tools, developers can cater to the expansive Coinbase ecosystem.
• Robust Functionality, Minimal Costs: Offering complete EVM compatibility at a fraction of the cost, Base is steadfast in enhancing the developer platform. Simplifying the process of gasless transactions through developer APIs for account abstraction and facilitating the secure construction of multichain applications via user-friendly bridges.
• Embracing Open Source: Base aspires to be a decentralized and permissionless hub, open to visionaries seeking to establish a standardized, modular, rollup agnostic Superchain fueled by Optimism. Our collaboration with Optimism as Core Developers within the open-source OP Stack underscores our dedication to nurturing a thriving developer community.

About Team Finance

Team Finance (by TrustSwap) is a suite of Web 3 SAAS tools for token companies wanting to spend less time on token management and administration.

Team Finance enables Web3 founders and CFOs to reduce their time and money on token operations.

Our software aggregates these token management solutions into one simple and easy-to-use application.

=> Click here to start using Team Finance now with support for the Base chain.