Solana-centric wallet Phantom adds support for Coinbase’s Base network

Crypto pockets Phantom has launched beta help for Base, Coinbase’s layer-2 community, which permits customers to handle belongings throughout a number of chains.

Phantom, a cryptocurrency pockets initially designed as a Solana-centric utility, has introduced the rollout of beta help for Base, an Ethereum-based layer 2 community developed by Coinbase.

In a weblog publish, the Phantom group revealed that customers can now discover options reminiscent of sending, receiving and buying Base-based stablecoins reminiscent of USD Coin (USDC) and cryptocurrencies reminiscent of Ethereum (ETH) utilizing debit and bank cards, Apple Pay, or Coinbase.

Phantom has highlighted that Base help is at present in beta and opted-in, that means these all for attempting the brand new addition might want to allow it of their pockets settings.

Along with asset administration, Phantom additionally presents customers the flexibility to take part in decentralized monetary functions and non-fungible tokens inside the Base ecosystem. As well as, the pockets additionally helps options designed to enhance safety, reminiscent of compatibility with Ledger gadgets, automated spam detection for malicious NFTs and tokens, and transaction simulation to flag suspicious exercise.

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Phantom was based in 2021 and later accomplished a $109 million Collection B financing spherical led by Paradigm, bringing its valuation to $1.2 billion. Different traders embrace Bounce Capital, Andreessen Horowitz, Solana and Variant. The pockets helps a number of networks, together with Bitcoin, Ethereum and Solana.

In the meantime, blockchain networks face growing safety challenges as malicious actors exploit vulnerabilities in good contracts, with Coinbase’s Base community main the best way in high-risk detections. As crypto.information beforehand reported, knowledge from Trugard Labs exhibits that Base accounted for greater than 34,000 dangerous detections in its good contracts in August.

The community incubated by Coinbase was significantly vulnerable to digital signature points, with practically 22,000 detections associated to tampering in normal libraries reminiscent of SafeMath. Malicious boolean checks on token transfers additionally posed important dangers, with greater than 6,300 circumstances recognized on Base. These controls can block or manipulate token transfers, which is a major vulnerability.

Learn extra: Solana’s Phantom pockets introduces a cross-chain swapper to extract liquidity from Ethereum