Charles Hoskinson, the founding father of Cardano, has expressed curiosity in partnering with Kraken, a significant U.S. cryptocurrency alternate, to construct its layer-2 blockchain community.
This transfer comes as Kraken is actively in search of a blockchain developer to reinforce its technological capabilities, with notable contenders already being within the working.
Kraken’s seek for a blockchain companion
Kraken’s ambition to launch its personal layer-2 community is a part of a broader pattern amongst main crypto firms to increase their operations into blockchain know-how growth.
This technique not solely opens up potential new income streams but in addition solidifies their standing within the quickly evolving digital foreign money market.
Kraken is at the moment contemplating a number of main blockchain know-how corporations, together with the likes of Polygon and Matter Labs. It’s not clear whether or not or not Cardano will finally make the minimize.
Coinbase’s layer-2 success
Coinbase’s foray into layer-2 networks has set a precedent within the trade. Their community, Base, constructed on the OP Stack in collaboration with Optimism, has efficiently improved the effectivity and consumer expertise of working decentralized functions on Ethereum.
Notably, Base has develop into the tenth hottest chain by complete worth locked, exceeding $300 million.
Bolstering its dedication to transparency and neighborhood collaboration, Coinbase not too long ago open-sourced Base’s code, inviting public contributions and scrutiny to reinforce the Ethereum Layer 2 community.