Ethereum (ETH) Founder Vitalik Buterin Praises Coinbase: "They're Doing the Right Things!"

Ethereum (ETH) founder Vitalik Buterin, whose statements are closely followed by the cryptocurrency industry, made a name for himself with his post once again. Buterin, in a post from his X account, praised Coinbase's Ethereum Layer 2 network, ￰0￱ to Base founder Jesse Pollak's post, Buterin described Base as a properly built Layer ￰1￱ noted that Base offers a stronger user experience with its centralized features, while its security is based on Ethereum's decentralized base layer. “Base is doing things the right way: While Base includes some centralized elements to streamline the user experience, its foundation remains anchored in Ethereum's Layer 1 security model.” Buterin also explained that Base is not a custodian under L2beat's Tier 1 definition, meaning that Base cannot seize assets or block withdrawals because it does not directly hold user funds.

“Base cannot seize user funds or block ￰2￱ foundation relies on Ethereum's decentralized base layer, which provides the highest level of security guarantees.” Buterin's support for Base is directly tied to Ethereum's broader mission: scaling without sacrificing decentralization, as Layer-2 solutions like Base are designed to make transactions cheaper and faster. “L2s shouldn't just be about ￰3￱ need to prove they maintain control over their assets. That's why Base is a strong example of doing things the right way,” Buterin said. *This is not investment ￰4￱ Reading: Ethereum (ETH) Founder Vitalik Buterin Praises Coinbase: "They're Doing the Right Things!"