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Coinbase launches new version of its mobile wallet: Now integrates DeFi services and adds support for Solana

June 22, 2022
Reading Time: 3 mins read
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What is Solana?

Solana crypto is a high throughput blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus. Built by a team of networking engineers, Solana aims to become the blockchain infrastucture for modern internet applications.

According to Coinbase, The intention of these changes is to reach a much more general audience, preparing the product to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the needs of a much wider range of users in the industry.

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***

  • Nueva wallet a place where cryptocurrency users can store, send and receive digital assets. de Coinbase is an American company that operates a cryptocurrency exchange platform. adds support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for the Solana.
  • It also incorporates access to projects DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. from its interface.
  • Coinbase continúa con sus lanzamientos a pesar de los efectos del invierno cripto sobre sus finanzas.

The international exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. based in the USA, Coinbase, announced today the launch of a redesign of its non-custodial usually referring to the storage of keys, in relation to wallets or exchanges, a non-custodial setup is one in which private keys are held by the user directly. wallet for mobile devices, which now incorporates new features that enhance the user experience.

Coinbase announces new changes to its wallet on mobile devices

This was announced by the team of Coinbase in a new publication of its official blog, where he indicated that this update is designed to make the wallet a much more accessible and manageable product, bringing the benefits of Web3 to all interested people. Among the most notable features is the possibility of accessing and exploring projects DeFi from the interface, as well as the incorporation of support for network a network refers to all nodes in the operation of a blockchain at any given moment in time. Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. de Solana.

Among other improvements also highlights the incorporation of price charts, indexing infrastructure NFTs, especially for the networks of Ethereum a decentralized open-source blockchain with smart contracts functionality. y Polygon, with the possibility of incorporating others Blockchain further on.

In this regard, the director of Coinbase Wallet, Siddharth Coelho-Prabhu, indicó que la intención de estos cambios apunta a llegar a una audiencia mucho más general, para lo cual preparan el producto para abordar las necesidades presentes dentro de un sector mucho más amplio de usuarios que hacen vida en el sector. De allí la posibilidad de ingresar al sector DeFi and add support for NFT, thinking also of those who have no experience with such ecosystems:

“With this wave, we’re targeting a mainstream audience. Users expect the same kind of polished, high-quality experience they have with fintech or on social media… Now we’re trying to cater to people who have never heard of non-fungible tokens (NFTs) or don’t know what decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchanges (DEXs) are.”

Coinbase and crypto winter

The announcement by Coinbase comes at a particularly sensitive time for the company, since after the market an area or arena, online or offline, in which commercial dealings are conducted. crash the exchange announced that it would carry out a reduction of staff in order to maintain its operations.

In a first announcement the exchange reported the dismissal of about 1,100 workers, equivalent to 18% of its workforce. However, an executive of the company revealed last week that Coinbase would be open to continuing to lay off employees if they felt the need, which they hope not to do even though the crypto winter has impacted their finances very hard.

Although it is not the only exchange that has opted to lay off its workers, in the case of Coinbase the fall of the crypto market had a very negative impact on its business activities. At the trading level, the company indicated that it had losses of USD $429.7 million during the first quarter of 2022, while its stock price on the exchange fell to about USD $51 per unit.


  • Coinbase may choose to cut staff further in the face of market downturn, company official reveals
  • Coinbase lays off 1,100 employees, 18% of its workforce
  • Coinbase Cloud cloud servers are typically located throughout different data centers all over the world. works on liquid staking participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards. service targeted for institutional customers

Source:TheBlock , Blog Coinbase

Version by Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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