Coinbase's Base Network has achieved 'stage 1' rollup status, marking an important step in its journey toward full decentralization. This new status introduces a security council comprising ten independent entities selected globally, which will oversee and approve network upgrades as necessary. Tom Vieira, head of product at Base, emphasized that these members come from both the Base ecosystem and the broader Ethereum community. Additionally, Base has implemented permissionless fault proofs, allowing users to independently verify transaction states without relying on central authorities. This development aligns with recommendations from Ethereum co-founder Vitalik Buterin, who advocated for only discussing layer-2 networks that reached at least stage 1 due to security concerns. Launched in August 2022, Base has emerged as the largest rollup with $11.72 billion locked in the protocol, becoming less dependent on Coinbase.

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