Before the mainnet launches, the testnet must undergo the Bedrock upgrade, audits, and stability tests.
Described in a blog post titled “Path to Mainnet,” Coinbase’s Base provided a schedule for the mainnet’s introduction. Although the proposal does not provide exact launch dates, it does specify five requirements. There are still three requirements, but two have already been met.
Coinbase announced the creation of the Base network testnet on Feb. 23rd. It’s intended to eventually be a layer 2 of Ethereum that uses Optimistic Rollup technology to reduce transaction fees and increase scalability.
The Base team has reported that they are moving closer to launching their platform on the mainnet. However, they have listed five particular requirements that must be met before the launch may take place. The first requirement is the Regolith hard fork’s accomplishment on the testnet, which has already been done. An infrastructure evaluation with the OP Labs team, which was also finished, is the second requirement.
Upgrading the network to Bedrock, a version that will offer cheaper costs, quicker deposit times, and other upgrades, is the third criterion. While Base’s version of the upgrade has no set date, the Optimism team has scheduled their upgrade to Bedrock for June 6.
The completion of internal and external audits with no critical severity issues and proof of testnet stability are the fourth and fifth requirements, respectively. The team has not yet established deadlines for these two requirements.
There has been a lot of conjecture regarding the kinds of applications that will be developed on the Base platform ever since the testnet’s introduction. The team has asked for the establishment of an on-chain reputation system as well as a “flatcoin,” a stablecoin that is tethered to inflation, for use in Base’s decentralized banking apps.
By bringing its soulbound token technology to the testnet in April, Masa Finance has already replied to the reputation system’s requirement.