Cryptocurrency Q&A
What networks does Coinbase use?
What networks does Coinbase use?
Tommaso
Mon Dec 02 2024
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5 answers
1197
Coinbase primarily uses the Bitcoin network for transactions, as it was originally designed as a Bitcoin wallet and trading platform. Additionally, Coinbase has integrated support for other networks such as the Ethereum network, allowing users to buy, sell, and store a variety of cryptocurrencies. Recently, Coinbase has also developed its own Base Network, a Layer 2 scaling solution built on the Optimistic Ethereum stack, which enhances the scalability of the Ethereum blockchain and reduces transaction costs.
5 answers
ethan_thompson_journalist
Wed Dec 04 2024
Coinbase Wallet offers support for a wide range of networks.
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EnchantedSky
Tue Dec 03 2024
These include Arbitrum, Avalanche C-Chain, BNB Chain, Fantom Opera, Optimism, Polygon, and Gnosis. These Layer-2 networks are designed to enhance the scalability and efficiency of Ethereum.
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RubyGlider
Tue Dec 03 2024
Among the networks supported by Coinbase Wallet are Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, XRP, and Solana.
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ShintoMystery
Tue Dec 03 2024
These networks cater to different needs and preferences in the cryptocurrency space.
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Giulia
Tue Dec 03 2024
In addition to these main networks, Coinbase Wallet also provides support for Ethereum Layer-2 networks.
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