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Top US Crypto Exchange Coinbase Adds New Ethereum (ETH) Layer-2 Scaling Protocol to Listing Roadmap

Published

1 year ago

September 7, 2024

Coinbase on Friday added the brand new native asset of an Ethereum (ETH) layer-2 scaling protocol to its itemizing roadmap, placing the token on the potential path to buying and selling on the highest US crypto change.

Zksync (ZK), the newest addition to the itemizing roadmap, bills itself as “an ever-expanding verifiable blockchain community, secured by arithmetic.”

The venture is a ZK rollup, one in every of two primary sorts roll-up solutions that carry out transactions exterior the Ethereum blockchain, however report the transaction information. ZK rollups carry out off-chain calculations after which submit a validity report, whereas the opposite sort, Optimistic rollups, routinely assumes transactions are legitimate.

Explains ZKsync white paper,

“ZKsync Period was created to feel and look like Ethereum, however with larger throughput and decrease charges. As on Ethereum, good contracts are written in Solidity/Vyper and might be invoked utilizing the identical purchasers as in different EVM-compatible chains.

You need not register a separate personal key earlier than utilizing it; ZKsync helps current Ethereum wallets out-of-the-box.”

The venture’s native token, ZK, was launched in mid-June and is buying and selling at $0.988 on the time of writing. The 156th-ranked crypto asset by market capitalization is down nearly 2% up to now 24 hours.

Coinbase has established its itemizing roadmap in 2022 to extend transparency and stop token ahead launches.

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