- Base Protocol (BASE): This is a specific cryptocurrency that attempts to track the entire cryptocurrency market capitalization. One BASE token is designed to represent $1 trillion of the total crypto market cap. So, if the total market cap of all cryptocurrencies is $10 trillion, the price of a single BASE token would theoretically be $10.
- Base: This is a new Layer 2 blockchain built by the cryptocurrency exchange Coinbase. Base is built on top of the Ethereum blockchain and is designed to be a secure, low-cost, and developer-friendly platform for building decentralized applications (dApps). Unlike Base Protocol, Base itself is not a cryptocurrency and does not have its own token.
It’s important to understand the difference between these two terms when discussing “base crypto currency.”