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How to Bridge to Base Mainnet: A Complete Guide for Ethereum Users
Are you looking for a way to scale your Ethereum transactions without sacrificing security or decentralization? Do you want to enjoy lower fees, faster confirmations, and more possibilities on the Ethereum network? If so, you might be interested in learning how to bridge to Base mainnet, one of the most promising layer 2 scaling solutions for Ethereum.
Base is a technology suite that uses optimistic rollups to achieve its goal of improving speed, scalability, and cost-efficiency on Ethereum. Base benefits from the security and compatibility of Ethereum, but also offers higher throughput and lower fees compared to the main chain. Base also supports smart contracts, decentralized applications, and any programming language that compiles to EVM bytecode.
But how can you access Base mainnet and use its features? The answer is by bridging your assets from Ethereum to Base. Bridging is the process of transferring your tokens or NFTs from one blockchain to another. In this case, you will be moving your assets from the Ethereum layer 1 to the Base layer 2. This way, you can take advantage of the benefits of both chains without having to sell or swap your assets.
In this article, we will show you how to bridge to Base mainnet using the official Base Bridge portal. We will also explain some of the benefits and risks of bridging, and answer some frequently asked questions about Base. By the end of this article, you should have a clear understanding of how to bridge to Base mainnet and why you might want to do so.
What are the benefits of bridging to Base mainnet?
Bridging to Base mainnet has several benefits for Ethereum users, such as:
- Lower fees: Base transactions are much cheaper than Ethereum transactions, as they only incur a small fraction of the gas costs. According to Base's website, the average transaction fee on Base is about $0.01, compared to $10-$20 on Ethereum.
- Faster confirmations: Base transactions are confirmed almost instantly, as they only need to be validated by the Base validators. On Ethereum, transactions need to wait for multiple block confirmations, which can take several minutes or hours depending on the network congestion.
- More possibilities: Base supports any smart contract or decentralized application that runs on Ethereum, with no code changes required. This means that you can use your favorite dapps on Base without any hassle. Moreover, Base enables new possibilities that are not feasible on Ethereum due to its scalability limitations, such as complex gaming and social applications.
What are the risks of bridging to Base mainnet?
Bridging to Base mainnet also has some risks that you should be aware of before proceeding, such as:
- Locking period: When you bridge your assets from Ethereum to Base, they will be locked on the Ethereum chain until they are unlocked on the Base chain. This process can take up to 10 minutes, depending on the network conditions. Similarly, when you bridge your assets back from Base to Ethereum, they will be locked on the Base chain until they are unlocked on the Ethereum chain. This process can take up to one week, as it involves a fraud-proof challenge period. During these locking periods, you will not be able to access or use your assets on either chain.
- Liquidity issues: When you bridge your assets to Base, you will need to use them on the Base chain or bridge them back to Ethereum. You cannot directly trade or swap them with other users or platforms that are not compatible with Base. This means that you might face liquidity issues if there is not enough demand or supply for your assets on the Base chain. You might also face price discrepancies between the two chains due to different market conditions.
- Security trade-offs: While Base inherits the security of Ethereum, it also introduces some trade-offs that might affect its security guarantees. For example, Base relies on a set of validators that are responsible for executing and validating transactions on the layer 2 chain. These validators are incentivized by fees and penalties, but they might also collude or act maliciously in some scenarios. Moreover, Base uses optimistic rollups, which assume that transactions are valid unless proven otherwise. This means that invalid transactions might be temporarily accepted until they are challenged and reverted by honest users or validators.
How to bridge to Base mainnet using the official portal?
Now that you know the benefits and risks of bridging to Base mainnet, let’s see how you can actually do it using the official portal provided by Offchain Labs, the developers behind Base.
To bridge your assets from Ethereum to Base mainnet using the portal, you will need:
- A web3-enabled browser or wallet that supports Ethereum and Base networks, such as MetaMask, WalletConnect, Coinbase Wallet, or Ledger.
- Some ETH and ERC-20 tokens or NFTs that you want to bridge to Base. You will also need some ETH to pay for the gas fees on the Ethereum chain.
- Access to the Base Bridge portal, which is the official interface for bridging assets between Ethereum and Base.
Once you have these requirements, you can follow these steps to bridge your assets to Base mainnet:
Connect your web3-enabled browser or wallet to the Base Bridge portal. You will see a screen like this:
Select the network that you want to bridge from. In this case, you will select Ethereum as the source network and Base One as the destination network. You will see a screen like this:
Select the asset that you want to bridge. You can choose from ETH, ERC-20 tokens, or NFTs. You will see a screen like this:
Enter the amount or ID of the asset that you want to bridge. You can also use the max button to bridge all your available balance of that asset.
Review the details of your bridging transaction and click on "Bridge Asset".
Confirm the transaction on your web3-enabled browser or wallet. You will need to pay some gas fees on the Ethereum chain for this transaction.
Wait for the transaction to be confirmed on the Ethereum chain and then unlocked on the Base chain. This can take up to 10 minutes, depending on the network conditions. You can track the progress of your transaction on the portal or on [Etherscan] for Ethereum and [Arbiscan] for Base.
Congratulations, you have successfully bridged your asset from Ethereum to Base mainnet! You can now use it on the Base chain or bridge it back to Ethereum whenever you want.
What are the fees for bridging to Base mainnet?
The fees for bridging to Base mainnet consist of two parts: the gas fees on the Ethereum chain and the bridge fees on the Base chain.
The gas fees on the Ethereum chain depend on the network congestion and the complexity of your transaction. You can check the current gas prices on [ETH Gas Station] or [Gas Now]. The gas fees are paid in ETH and go to the Ethereum miners.
The bridge fees on the Base chain depend on the amount and type of asset that you are bridging. The bridge fees are paid in ETH and go to the Base validators.
According to Base's website, the bridge fees are calculated as follows:
- For ETH: 0.05% of the amount bridged
- For ERC-20 tokens: 0.1% of the amount bridged
- For NFTs: 0.01 ETH per NFT
You can check the current bridge fees on the portal before confirming your transaction.
How long does it take to bridge to Base mainnet?
The time it takes to bridge to Base mainnet depends on two factors: the confirmation time on the Ethereum chain and the unlocking time on the Base chain.
The confirmation time on the Ethereum chain depends on the network congestion and the gas price that you set for your transaction. The higher the gas price, the faster your transaction will be confirmed by the Ethereum miners. The confirmation time can vary from a few seconds to several minutes or hours.
The unlocking time on the Base chain depends on how often the Base validators post batches of transactions to the Ethereum chain. The more frequently they post batches, the faster your transaction will be unlocked by the Base validators. The unlocking time can vary from a few seconds to 10 minutes.
According to Base's website, you can expect your bridging transaction to be completed within 10 minutes in most cases.
How do I switch networks from Ethereum to Base?
To switch networks from Ethereum to Base, you will need to add Base as a custom network on your web3-enabled browser or wallet. You can do this manually, or automatically by clicking on "Switch Network" on the Base Bridge portal. Once you have added Base as a custom network, you can switch between Ethereum and Base by selecting the network from the dropdown menu on your web3-enabled browser or wallet.
How do I bridge back from Base to Ethereum?
To bridge back from Base to Ethereum, you will need to follow the same steps as bridging to Base, but in reverse order. You will need to:
- Connect your web3-enabled browser or wallet to the Base Bridge portal and select Base as the source network and Ethereum as the destination network.
- Select the asset that you want to bridge back and enter the amount or ID of the asset that you want to bridge back.
- Review the details of your bridging transaction and click on "Bridge Asset".
- Confirm the transaction on your web3-enabled browser or wallet. You will need to pay some gas fees on the Base chain for this transaction.
- Wait for the transaction to be confirmed on the Base chain and then unlocked on the Ethereum chain. This can take up to one week, as it involves a fraud-proof challenge period.
Conclusion
In this article, we have shown you how to bridge to Base mainnet using the official portal. We have also explained some of the benefits and risks of bridging, and answered some frequently asked questions about Base. We hope that this article has helped you understand how to bridge to Base mainnet and why you might want to do so.
Bridging to Base mainnet is a great way to scale your Ethereum transactions without sacrificing security or decentralization. By bridging your assets to Base, you can enjoy lower fees, faster confirmations, and more possibilities on the Ethereum network. You can also use your favorite dapps on Base without any hassle.
However, bridging to Base mainnet also has some risks that you should be aware of before proceeding, such as locking periods, liquidity issues, and security trade-offs. You should always do your own research and exercise caution when bridging your assets between different chains.
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