Coinbase Developer Platform’s Post

We are thrilled to share our integration with LayerZero Labs to provide institutional organizations with unparalleled access to Decentralized Finance (DeFi). As a key partner, Blockdaemon plays a crucial role in shaping the future of crypto, emphasizing security and flexibility. "At the heart of Blockdaemon’s mission is a commitment to provide an easy and secure way for institutions to leverage the power of blockchains and expand applications on the network," stated Konstantin Richter, CEO and Founder of Blockdaemon. "The integration of both Blockdaemon’s Wallet with LayerZero and being the go-to verifier hosting a gasless Oracle holds the promise of establishing a secure, compliant, and hyper-scalable entry point to liquidity pools, while ensuring institutions retain complete control over their assets.” LayerZero V2’s enhanced throughput options, programmability, and unified semantics redefine cross-chain interactions. Blockdaemon's role as an oracle or also called “verifier” ensures diverse verification methods, offering developers unprecedented flexibility in their projects. Looking ahead, the mainnet launch in January 2024 diverse support from infrastructure providers, including Blockdaemon. Read more in our blog. 🚀 #LayerZeroV2 #Blockdaemon #BlockchainInnovation

As Ethereum advances along its scaling journey, specialized networks built on top of it are the preferred pathways to reduce computational loads and enhance user experiences. Developed by Coinbase, Base represents one of the latest scaling solutions in the market. Our introductory report provides a high-level overview of Base, including its adoption, and what it could potentially mean for Coinbase. Here are some of the key highlights: 1. With access to millions of users, Coinbase is uniquely positioned to provide its user base with a seamless onchain Ethereum experience while leveraging its robust app offerings and interfaces. 2. Since its launch in July, Base has impressively onboarded 100,000 daily active users faster than any other comparable scaling network. 3. Base can strategically position Coinbase for venturing into fresh business opportunities beyond trading fees. This could involve partially operating the data relay process to Ethereum, implementing design choices to generate value, and exploring the development of fee-generating applications on Base.

🚀 Exciting News for the DeFi Community! 🌐 I'm thrilled to share that Coinbase's innovative Layer 2 network, Base, is taking a giant leap forward with the integration of Chainlink's renowned price feeds! This integration paves the way for an exciting future for decentralized finance (DeFi) applications and opens new doors for developers. 🔗 What's New: Coinbase's Base layer-2 network, a brainchild of the crypto giant Coinbase, has teamed up with Chainlink's robust oracle infrastructure. This collaboration brings industry-standard Chainlink data feeds to the Base ecosystem, creating a seamless bridge between Base and external DeFi applications, including lending protocols and futures markets. 💡 Why it Matters: The integration of Chainlink price feeds empowers Base developers to dream big and design cutting-edge use cases. It facilitates the effortless onboarding of existing DeFi protocols onto Base's layer-2 blockchain, heralding a new era of interoperability and innovation. 🌐 About Base: Base, built upon Ethereum using the OP Stack framework by the talented Optimism team, has been making waves since its mainnet launch for developers on July 13th. And guess what? The platform is all set to welcome the public starting this Wednesday, August 9th! This development promises a more scalable and efficient DeFi landscape. 🛠️ What's in Store: Jesse Pollak, Coinbase's Head of Protocols, highlights how Chainlink's addition will facilitate a seamless transition for developers looking to migrate their existing applications to Base. This integration simplifies the creation and deployment of sophisticated DeFi applications, pushing the boundaries of what's possible. The fusion of Chainlink's robust price feeds with Coinbase's Base layer-2 network marks a significant milestone for the DeFi ecosystem. With enhanced capabilities, interoperability, and scalability, we're about to witness a wave of groundbreaking DeFi innovations that will reshape the financial landscape. Stay tuned as the DeFi space enters a new chapter, where collaboration and innovation reign supreme. 🌈🚀 https://lnkd.in/d3eFRSTt #DeFiInnovation #BaseLayer2 #ChainlinkIntegration #CryptoCollaboration

Ethereum Foundation Successfully Activates Dencun Upgrade Across Testnets, Confirms Imminent Deployment | TheSpuzz #ethereum #shutterstock #cryptocurrencymarket #thespuzz

EigenLayer: Decentralized Ethereum Restaking Protocol Explained | ConsenSys Learn more about EigenLayer, a decentralized Ethereum restaking protocol that enables users to restake their ETH and earn rewards from various protocols. Read More: https://lnkd.in/dSQqC4NA #mercadoimobiliario #construcaocivil #educacao #brittoimobiliaria #brittoescolatecnica #brittoempreendimentos

Worldcoin Migrates to Optimism: Worldcoin, the decentralized ID and wallet protocol, has migrated its operations to Optimism, an Ethereum L2 scaling layer. With this move, Worldcoin aims to prepare for its future launch, taking advantage of the scalability features that its deployment on...

EigenLayer: Decentralized Ethereum Restaking Protocol Explained | ConsenSys Learn more about EigenLayer, a decentralized Ethereum restaking protocol that enables users to restake their ETH and earn rewards from various protocols. Read More: https://lnkd.in/dFM3kiTm #mercadoimobiliario #construcaocivil #educacao #brittoimobiliaria #brittoescolatecnica #brittoempreendimentos

“Several projects are working hard to make the verifiable web a reality. They include Space and Time, a decentralized data warehouse startup that uses ZK proofs to verify queries against both on and offchain data. Space and Time has developed a technology called Proof of SQL, which makes it possible to cryptographically secure database queries. In turn, this means smart contracts now have a way to verify offchain data, opening the door to more sophisticated decentralized applications that can respond to real-world events. Space and Time has notably integrated its technology with Google Cloud’s BigQuery.” Read the full article from Crypto Intelligence News here: https://lnkd.in/geCWNSYv

Worldcoin Migrates to Optimism: Worldcoin, the decentralized ID and wallet protocol, has migrated its operations to Optimism, an Ethereum L2 scaling layer. With this move, Worldcoin aims to prepare for its future launch, taking advantage of the scalability features that its deployment on...

Last couple weeks have been a pretty good stress test for Ethereum Layer 2 scaling solutions. In particular zkSync with the new prover, Boojum, now on mainnet. As we continue to improve ZK tech we will be able to compress more and more transactions into a single batch and start to achieve unit economics that will get transactions costs trending towards $<0.01 in the the next few months. Ethereum is about to go mainstream. Two pretty good articles that sum it up by Macauley Peterson at Blockworks and Seth Bloomberg at Messari From the Messari article (https://lnkd.in/ef_hktkk): "- The underlying cryptographic primitives of zero-knowledge (ZK) technology give rollups the ability to execute transactions at lower unit costs relative to other rollup solutions. - As ZK rollups achieve scale, unit costs will continue trending downward as they are amortized across a wider range of transactions. - Data publishing (or data availability) generally remains the highest onchain cost for rollups. While Ethereum rolls out EIP-4844, its first phase of increasing data availability for rollups, new solutions such as Celestia and Eigenlayer DA are entering the market as optimized data availability layers."