Base will integrate Coinbase self-managed wallet and dApp wallet

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.

Interpretation of this information:

Coinbase, one of the world’s largest cryptocurrency exchanges, has recently launched its Ethereum L2 network base, a second-layer scaling solution that aims to improve the efficiency and scalability of the Ethereum network. According to Jesse Pollack, the person in charge of the Coinbase agreement, the company’s new network base will integrate two of its existing products, the Coinbase self-managed wallet and the Coinbase dApp wallet. This integration is expected to improve the user experience and make it easier for users to transact on the network.

The Coinbase self-managed wallet is a non-custodial wallet that allows users to have full control over their cryptocurrency assets. It enables users to store, manage, and transfer their cryptocurrencies without the need for a third-party custodian. On the other hand, the Coinbase dApp wallet is designed for developers and businesses to create and deploy decentralized applications (dApps) on the Ethereum network. It provides a simple interface for developers to create and deploy smart contracts, manage user identities, and interact with other dApps on the network.

The integration of the two products will enable users to easily switch between the self-managed wallet and the dApp wallet without the need for multiple login credentials. This will improve the user experience and simplify the process of managing and transacting cryptocurrencies on the Ethereum network. The integration is also expected to increase the adoption of the Coinbase L2 network base by making it more accessible to a wider user base.

In conclusion, the integration of the Coinbase self-managed wallet and the Coinbase dApp wallet on the Ethereum L2 network base is a positive development for the cryptocurrency industry. It highlights the importance of interoperability and seamless user experience in promoting the adoption of blockchain technology. The integration is also a testament to Coinbase’s commitment to advancing the development of the Ethereum network and providing its users with a secure and efficient platform for transacting cryptocurrencies.