Cryptocurrency Q&A
What blockchain does Coinbase run on?
What blockchain does Coinbase run on?
CryptoElite
Mon Jul 22 2024
|
5 answers
858
As a cryptocurrency enthusiast and investor, I'm curious about the technological backbone that powers some of the most renowned platforms in the industry. Specifically, I'd like to understand the underlying technology that Coinbase, a leading cryptocurrency exchange, relies on. Could you elaborate on the blockchain technology that Coinbase runs on? I'm particularly interested in knowing if it's a proprietary blockchain or if it leverages existing blockchains like Ethereum or Bitcoin. Additionally, I'd appreciate any insights into the reasons behind Coinbase's choice of blockchain and how it contributes to the platform's overall security, scalability, and user experience.
5 answers
SsamziegangStroll
Wed Jul 24 2024
Coinbase, a leading cryptocurrency exchange, has developed Base, an Ethereum Layer-2 (L2) blockchain technology.
Was this helpful?
58
31
JejuJoyfulHeartSoulMate
Wed Jul 24 2024
The objective of Base is to enhance the accessibility of Ethereum while maintaining the robust security of its main chain.
Was this helpful?
92
69
CryptoWanderer
Wed Jul 24 2024
Layer 2 blockchains, such as Base, are scaling solutions that aim to alleviate the traffic load on their respective parent blockchains.
Was this helpful?
360
87
mia_rose_lawyer
Wed Jul 24 2024
By utilizing Layer 2 technology, Base aims to provide a faster and more cost-effective way for users to interact with the Ethereum network.
Was this helpful?
50
47
SamsungShiningStar
Tue Jul 23 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services, including spot trading, futures trading, and digital wallet solutions. These services cater to the diverse needs of its clients in the cryptocurrency market.
Was this helpful?
298
85
