Coinbase's brand name has not always been enough for its products to succeed, but being the first centralized exchange to launch an L2 could be a revenue driver, DanielGKuhn writes. Opinion for The Node newsletter BUIDLWeek
Base, which is intended to be integrated across Coinbase’s exchange, wallet and developer products, is a way to help guide existing users “to places they can go that aren’t controlled by Coin]base,” the project’s lead developer Jesse Pollak told TechCrunch. This is significant. Earlier this week Consensus Magazine publishedby Łukasz Anwajler about the need for more secure “user journeys” across the crypto ecosystem.
Indeed, there is a clear need for scaling products and further experimentation. Ethereum co-founder Vitalik Buterin’s “road map” for Ethereum looks more like a guide to the U.S. highway system, with forking and intertwining and paths, rather than MapQuest directions to a known location. But there is still a concern about how to incentivize lasting use of protocols.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase unveils its Ethereum Layer 2 network that won't have a tokenThe Base network is designed to be a low cost, open source, developer sandbox for decentralized applications, said Coinbase.
Read more »
Collectors spend $280,000 in Ethereum fees to mint 28,000 Coinbase NFTsCrypto fans have cumulatively spent $280,000 in transaction fees to mint more than 28,000 free Coinbase NFTs on Ethereum.
Read more »
Bitcoin, crypto prices sink for second day; Coinbase down as markets look to Fed minutesThe U.S. Federal Reserve will release the minutes from its last meeting tonight, with market participants watching for hints about interest rate plans.
Read more »
What Coinbase's Q4 Earnings Mean For CryptoCoinbase (COIN) reported Q4 net revenue of $605 million, ahead of analyst estimates of $588 million and up 5% from $590 million in Q3. Pastel Network co-founder Anthony Georgiades discusses the crypto exchange's latest earnings report and its implications for the crypto industry. Plus, the minutes of the Fed's February 1st meeting will be published later today.
Read more »
Coinbase discloses recent cyberattack targeting employeesCrypto exchange Coinbase experienced a cybersecurity attack targeting its employees through SMS scams and impersonating IT staff.
Read more »
Bitcoin drops 3.5%, Polygon Labs cuts jobs, and Coinbase usage continues to fall: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe. the co-founder and CEO of BitGo, reacts to the SEC's crackdown on the crypto industry.
Read more »