Charles HOSKINSON, founding father of Cardano, has expressed curiosity in partnering with Kraken, a serious US cryptocurrency change, to create a layer 2 blockchain community. Kraken is at present contemplating collaborations with a number of main blockchain expertise companies, together with the likes of Polygon and Matter Labs. It’s unclear whether or not Cardano will in the end succeed.
Kraken’s transfer to launch its personal Layer 2 community is a part of a broader pattern amongst main crypto firms to develop their efforts in growing blockchain expertise. This technique not solely opens up new potential sources of revenue, but additionally strengthens their place within the quickly growing digital forex market.
Coinbase’s incursion into Layer 2 networks set a precedent within the trade. Their Base community, constructed on the OP Stack in collaboration with Optimism, has efficiently improved the effectivity and value of decentralized functions on Ethereum. It’s value noting that Base grew to become the tenth hottest community by way of TVL, exceeding $300 million. Reiterating its dedication to transparency and collaboration with the group, Coinbase lately open-sourced Base’s code, inviting the general public to contribute and discover methods to enhance the Ethereum Layer 2 community.
Picture: Binance Academy