Coinbase has announced its five core principles, including Law of Chains, User Key Custody, and Free Withdrawals.
2023-08-25 00:45
Odaily News Coinbase has announced the five major principles of Base to further achieve decentralization. The specifics are as follows:
1. Law of Chains: This is the most important neutral principle of Base, which establishes a set of common standards for all OP Stack blockchains, ensuring that builders and users have access to a neutral and open block space in Base.
2. Your Keys, Your Crypto: Users are responsible for keeping their keys. Coinbase does not host or control the cryptocurrencies users transfer into the Base network. Users (not Coinbase) are responsible for their actions on the network.
3. Market-driven transaction ordering: Coinbase does not influence, discriminate, or prioritize transaction orders on Base. Coinbase products, customers, or partners do not have any special privileges to cut in line.
4. Equal access to information: Coinbase will not abuse any non-public information collected from Base. Private transaction data will not be used for marketing or any other commercial purposes.
5. Free withdrawals: Coinbase does not impose restrictions on withdrawals from Base. Users can freely withdraw their assets from Base without any penalties if they are not satisfied with Base.
1. Law of Chains: This is the most important neutral principle of Base, which establishes a set of common standards for all OP Stack blockchains, ensuring that builders and users have access to a neutral and open block space in Base.
2. Your Keys, Your Crypto: Users are responsible for keeping their keys. Coinbase does not host or control the cryptocurrencies users transfer into the Base network. Users (not Coinbase) are responsible for their actions on the network.
3. Market-driven transaction ordering: Coinbase does not influence, discriminate, or prioritize transaction orders on Base. Coinbase products, customers, or partners do not have any special privileges to cut in line.
4. Equal access to information: Coinbase will not abuse any non-public information collected from Base. Private transaction data will not be used for marketing or any other commercial purposes.
5. Free withdrawals: Coinbase does not impose restrictions on withdrawals from Base. Users can freely withdraw their assets from Base without any penalties if they are not satisfied with Base.
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