Coinbase Integrates Two Wallets to Enhance Ethereum L2 Network Base
On February 27, Jesse Pollack, the person in charge of the Coinbase agreement, revealed that the company\’s newly launched Ethereum L2 network base will integra…
On February 27, Jesse Pollack, the person in charge of the Coinbase agreement, revealed that the company’s newly launched Ethereum L2 network base will integrate two products, the Coinbase self-managed wallet and the Coinbase dApp wallet.
Base will integrate Coinbase self-managed wallet and dApp wallet
Interpretation of the news:
Coinbase, a leading cryptocurrency exchange, recently announced that it will integrate two of its products, the Coinbase self-managed wallet and the Coinbase dApp wallet, to enhance its Ethereum L2 network base. The L2 network base is a second layer solution to address the scalability issues of the Ethereum network.
Jesse Pollack, the person in charge of the Coinbase agreement, shared this development on February 27, 2021. This announcement has implications for investors and traders who deal in Ethereum, as it provides new opportunities to leverage the benefits of both wallets together. The Coinbase self-managed wallet allows users to maintain their private keys, while the dApp wallet allows users to interact with decentralized applications using a simple interface.
The integration of the two wallets will create an improved user experience, with traders being able to move funds seamlessly between the two wallets. This will allow them to make faster transactions, thereby reducing the time and cost of executing trades. It will also create a more secure and reliable system for managing cryptocurrencies.
The integration of the self-managed wallet and the dApp wallet will also benefit developers, who can use the APIs offered by Coinbase to integrate their applications with the wallets. This will lead to the development of new applications that can leverage the benefits of both wallets. Furthermore, this integration will help in the adoption of Ethereum as more people see it as a viable investment option.
In conclusion, the integration of the two Coinbase wallets to enhance the Ethereum L2 network base is an excellent development for the cryptocurrency market. It creates a more secure and efficient system for managing cryptocurrencies and reduces the time and cost of executing trades. The integration will also enable developers to create new applications that leverage the benefits of both wallets. As such, it will encourage more people to adopt Ethereum as a viable investment option.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3547/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Huobi to Sue pNetwork Over Additional Issuance of pGALA Token
According to the official news of Huobi, Huobi has contacted the legal team of Gala Games and will join forces with Gala Games to file a legal lawsuit against pNetwork Tianliang\’s
-
ReelStar hires former Coinbase executive to lead Asia operations
It is reported that ReelStar, the Web3 social media platform, announced the appointment of Marc Robinson, the former head of Asia-Pacific market operation of C…
-
Binance CEO Dismisses Forbes’ Accusations as Deliberately Distorted
It is reported that CZ, the chief executive of Binance, said on social media that many of Forbes\’ accusatory questions are negative and deliberately distort th…
-
The Risks of MeMe Coins: A Warning from Coin An Founder, Zhao Changpeng
According to reports, Zhao Changpeng, the founder of Coin An, tweeted that he had previously randomly followed the tweets of some active individuals who have contributed to the Bin
-
Why can bits be forked (do bits only have symbols 0 and 1)
Why can bits bifurcate? Why can bits bifurcate? The emergence of Bitcoin and Ethereum has brought new challenges to miners. In the Bitcoin network, due to an algorithm that can package a block (or transaction) into another blockchain, when users want to perform a specific transaction, they need to choose whether to support the new coin or if the token has been added to the chain, and then use the same code again at different points in time to execute the program According to the Bitcoin Cash Cash Protocol, failure to do so will result in Systematic risk, because it may lead to a decline in the unpredictability and decentralization of the entire network. However, this mechanism also significantly increases the difficulty of mining Bitcoin, resulting in a 51% attack situation. Therefore, Bitcoin miners can achieve their goal by controlling these mining machines with 51% computing power: by having them run a single node to verify transactions and confirm that…
-
The average clearing volume of short positions in BTC futures contracts on Binance has reached a 1-month high
According to reports, data shows that the average clearing volume of short positions in BTC futures contracts on Binance has reached a 1-month high.
The average clearing volume of -
Alchemy Set to Launch “Create-Web3-Dapp” Tool for Faster Web3 Development
It is reported that Alchemy, the Web3 development platform, will release a new tool to help developers create Web3 applications faster. Elan Halpern and Vitto …
-
Sun Yuchen: Grenada’s WTO tenure is about to end, and will continue to focus on the digital economy and cryptocurrency regulation
According to official news, on the evening of March 31, Sun Yuchen, founder of Wave Field TRON and member of Huobi\’s Huobi Global Advisory Committee, announced on Twitter that his
-
Helius Launches Solana NFT Compression to Reduce Costs for Developers
On March 10, Helius, a provider of Solana development tools, has launched Solana NFT Compression. Developers can cast a large number of NFT at low cost through…
-
Circle Informed About USDC Transaction Delay
It is reported that Circle sent a notice to the trading company that the USDC transaction conducted through the Signature Banks Signet network will not be proc…
-
What is eos coin called in Chinese (What does eos coin mean)
What is eos coin called in Chinese according to EOS Gravity, eos coin is called
-
NFT Sales in March: Ethereum Blockchain Accounts for Over 60% of Sales
On April 3rd, according to CryptoSlam data, NFT sales in March decreased by 31.42% month on month, from $1.03 billion in February to $882.89 million in sales. Among these sales, $5
-
Understanding the Recent Market Trends: Rise of Blockchain and Digital Currency
According to news, A-shares closed with the Shanghai Composite Index at 3255.65 points, up 0.64%, the Shenzhen Composite Index at 11427.25 points, up 1.6%, and the Shenzhen Blockch
-
Understanding the CFTC regulations on cryptocurrency futures trading
On April 14th, Rostin Behnam, Chairman of the United States Commodity Futures Trading Commission (CFTC), stated at an event held at Princeton University on Thursday: \”Coin An inten
-
Decentralized Indexing Protocol, The Graph Announces Second Phase of Arbitrum One Expansion Plan
It is reported that the decentralized indexing protocol The Graph will launch the second phase of the Arbitrum One expansion plan in the next few days to enable indexing rewards. I
-
The Significance of Recent Cryptocurrency Sales in the Latest 24 hours
According to reports, data shows that in the past 24 hours, the entire network has sold out 64.582 million US dollars, of which Bitcoin sold out 24.9427 million US dollars and Ethe