Ethereum and Base Ethereum
The Ethereum network is a decentralized, open-source blockchain system that features smart contract functionality, enabling the creation and execution of distributed applications and agreements without the need for intermediaries. The Layer 2 Base network, created by the Coinbase is a secondary framework built on top of the Ethereum network, designed to enhance scalability and transaction speed by handling transactions off the main chain while still leveraging its security and decentralization.
In the context of ALI Agents, the bonding curves and the tokenized rewards for its Agents are transacted on the Layer 2 Base network for efficiency and scalability, while still being secured by the robust and reliable Ethereum network, ensuring both rapid transactions and strong security.
ETH and Base ETH
Ethereum (ETH) is a cryptocurrency that powers the Ethereum network, a decentralized platform known for its versatility in executing smart contracts and hosting various decentralized applications. Base ETH is Ethereum that is designed to be transacted on the Base Layer 2 network, and in the context of ALIagents.ai, it can be used to purchase the Artificial Liquid Intelligence (ALI) Utility Token and Credits in the dApp.
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