Tag: Coinbase

Coinbase new blockchain seen as ‘massive confidence vote’ for Ethereum

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The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network.  Secured on Ethereum and powered by layer-2 network Optimism, Base aims to eventually become a network for building decentralized applications (DApps) on the blockchain. The layer-2 network is currently in its testnet phase, according to Coinbase CEO Brian Armstrong. 0/ Hello world. Meet Base, an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone,…

Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base – Bitcoin News

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The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. Coinbase L2 Scaling Platform Aims to Help Scale the Crypto Economy Coinbase is joining the competition of Ethereum L2 scaling projects, such as Polygon, Arbitrum, Optimism, Loopring, Starknet, and others, by launching an L2 called Base. The company announced the launch of the Base testnet on…

Coinbase Joins the Ethereum Layer 2 Rat Race – Can It Grow?

According to TechCrunch, Base will initially charge fees in the 10- to 50-cent range – comparable with leading Ethereum layer 2 networks such as Arbitrum and Optimism. And, although still just a testnet, it doesn’t seem like Base will want for early adopters: Established projects including Chainlink, Etherscan, Aave, Animoca Brands, Dune, Nansen, Magic Eden and Wormhole, among others, have signaled support. This is big news considering “Coinbase has no plans to issue a new network token,” as CoinDesk’s Shaurya Malwa put it bluntly. Source

Coinbase launches its own layer-2 network for building decentralized apps

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On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain. According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering access to other L1 ecosystems like Solana and making it interoperable with other chains. It will also provide access to Coinbase’s products, users and tools as well as easy fiat on-ramps and powerful acquisition tools.…

Cathie Wood Doubles Down on Coinbase

Noted growth investor Cathie Wood’s Ark Invest has added more than 213,000 Coinbase (COIN) shares worth about $13 million to its ARK Innovation (ARRK) and Next Generation (ARKW) exchange-traded funds. The 181,972 shares added to ARKK appear to be Ark Invest’s biggest single purchase of Coinbase’s shares this year. Earlier this week, Coinbase reported quarterly earnings that beat expectations, but its stock slipped 1.4% on Wednesday as crypto assets experienced a broad pullback. The crypto exchange’s stock is up 82% year to date to $61.18, but down from its closing-day…