Base vs IoTeX

Base, an Ethereum-based blockchain developed by Coinbase, operates as a Layer 2 (L2) network, leveraging Optimism to provide a secure, cost-effective, and user-friendly environment for decentralized application (dApp) development. With a mission to onboard the next billion users to web3, Base ensures near-zero fees, quick transactions, and robust security supported by Ethereum's infrastructure. At its launch, Base had over 100 dApps and service providers, aiming to solve the blockchain trilemma by prioritizing interoperability and composability among participating rollups. This approach enhances scalability while preserving security and decentralization.

IoTeX is a blockchain platform designed specifically for the Internet of Things (IoT) industry. It aims to address the scalability, privacy, and security challenges associated with connecting billions of devices to the internet. IoTeX utilizes a unique architecture that combines blockchain, decentralized identity, and secure hardware to create a trusted and privacy-centric infrastructure for IoT applications. It offers lightweight and efficient consensus mechanisms, support for trusted computing environments, and privacy-preserving techniques such as zero-knowledge proofs.