Gracy Chen, the managing director of the popular crypto exchange Bitget recently took to Twitter to disclose that BASE mainnet is available for building. The executive also noted that BASE L2 is getting a lot of attention with BALD tokens as well as several meme coins. The respective projects are seeing a huge hype. Nevertheless, the managing director pointed out that several incidents concerning sudden price slumps and liquidity losses have taken place.
BASE Mainnet of Bitget Launches for Builders, Gracy Chen Confirms
In addition to this, the executive provided details about the transaction to Base. Apart from that, Chen disclosed that Base does not provide any formal cross-chain service. As per the executive, the clients can transact their funds via contract transfers, however, just the ETH token of Ethereum is accepted. While providing a piece of advice in this respect, Chen mentioned that the clients should begin with little amounts for testing before shifting huge funds.
According to Bitget’s managing director, OP Stack of Optimism is responsible for powering Base. In this way, Base is turned into the most scalable and secure EVM L2. Chen added that OP Stack operates as an open-source protocol offering a foundation for a superchain containing L2s that have governance, sequencing, and interoperability among themselves.
The Managing Director Says Clients Using Smart Contracts Can Manually Redeem Assets from BASE
The executive also discussed the apprehensions regarding Cross-Chain Limitations. She disclosed that the project has not offered a cross-out solution up till now and this ignites concerns among a few consumers regarding the extraction of their funds. Nonetheless, provisional cross-chain restrictions would not lead to real fund losses. Chen is of the view that the procedure can be organized and the people acquainted with smart contracts can manually redeem assets with the use of the native withdrawal option.
Credit: Source link
