The largest cryptocurrency exchange in the US published a blog post on December 21st. In the article, he presented his goals in the cryptocurrency and Web3 industry. Here’s what the world’s second-largest exchange plans to do to accelerate adoption of the new industry.
Being able to act as a bridge to Web3
Coinbase’s plan to conquer the markets in the midst of the bear market is not to be taken lightly. Indeed, the recent blog post published by the cryptocurrency exchange confirms that it is actively preparing to implement this project. Coinbase also referred to in a chirp at which he works build the bridge to web3 The regulated DEX intends to accelerate the adoption of the cryptos and Web3 protocols through concrete actions.
To achieve its goal, Coinbase wants to get started improve the security of your wallet crypto. In this sense, he explained: We have made major investments in Coinbase Wallet because there is no Web3 without self-custody. Over the past five years, Coinbase Wallet has been the most downloaded self-custody mobile wallet and dApps browser in the U.S. “.
The exchange cited one of the actions it is already taking to be more secure with its wallet. ” Coinbase Wallet hides known malicious assets from your home screen and gives you the ability to report suspicious tokens that appear in your wallet “, he said.
This feature was implemented to prevent scammers from luring users to malicious websites. To achieve their goal, malicious actors usually deposit tokens in users’ wallets. At the same time, Coinbase plans to do so offer token spam management tools for his wallet. The launch of a dApps blocklist is also planned.
Additionally, Coinbase wants to “ allow easy participation in Web3 via NFT In addition, the exchange said: If we can make it easier for developers to build decentralized apps, great experiences, games, and social networks in Web3, we can give more people access to the economic freedom that Web3 provides. “.
To accelerate the adoption of cryptocurrencies and Web3, Coinbase also plans to focus on institutions. The cryptocurrency exchange recognizes that these blue-chip investors are increasingly interested in the sector. Specifically, they want to get into DeFi, the cryptocurrency staking and NFTs.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to convey information related to this ecosystem with my pen.