Cryptocurrency Q&A
What network does Coinbase use for ETH?
What network does Coinbase use for ETH?
CharmedFantasy
Wed Jun 26 2024
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7 answers
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Could you please elaborate on the network that Coinbase utilizes for Ethereum (ETH) transactions? I'm particularly interested in understanding the underlying infrastructure that powers these transactions and how it ensures security and efficiency. Is it based on the Ethereum mainnet, or does Coinbase have its own proprietary network? Additionally, what are the key factors Coinbase considers in choosing this network, and how does it compare to other available options in the cryptocurrency industry? I'm curious to gain a deeper understanding of the technical underpinnings that drive this popular cryptocurrency exchange.
7 answers
ethan_carter_engineer
Fri Jun 28 2024
Coinbase Wallet offers support for various cryptocurrency networks, enabling users to store and manage their digital assets securely.
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CryptoLord
Thu Jun 27 2024
In addition, Dogecoin, Litecoin, Stellar Lumens, XRP, and Solana are among the other popular cryptocurrencies supported by the wallet, catering to the diverse needs of users.
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SeoulSerenitySeekerPeaceLover
Thu Jun 27 2024
Among the supported networks, Ethereum stands out as a leading smart contract platform, powering decentralized applications and enabling various financial transactions.
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emma_carter_doctor
Thu Jun 27 2024
Coinbase Wallet extends its support to Ethereum Layer-2 networks, which aim to improve the scalability and efficiency of the Ethereum blockchain.
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Alessandra
Thu Jun 27 2024
Arbitrum, Avalanche C-Chain, BNB Chain, Fantom Opera, Optimism, Polygon, and Gnosis are some of the Layer-2 networks supported, enabling faster and cheaper transactions on the Ethereum network.
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