Coinbase exec says major Ethereum scaling improvements coming soon
The Chief Product Officer at Coinbase foresees that there will be more advances in layer 1 to layer 2 bridges and rollup technologies. Coinbase Chief Product Officer Surojit Chatterjee is the latest to publish his predictions for the crypto industry in 2022 and he foresees major advances in the scaling of Ethereum.Industry leaders, analysts, and investors are sharing their 2022 predictions for the crypto ecosystem, and Coinbase’s Surojit Chatterjee is confident that Ethereum will be at the forefront of Web3 and the crypto-economy as it scales. The CPO shared his predictions in a company....
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Popular Bitcoin entrepreneur has shared his stance on the scaling issue and a looming intentional Bitcoin hard fork according to a published transcript of a Q&A session with the Chinese Bitcoin community on 8btc on Saturday July 30. Andreas Antonopoulos was responding to several questions including one on the negative impacts the controversies regarding the scaling could cast on the long-term value proposition and investor confidence in Bitcoin. He says: “Development of bitcoin is accelerating. The number of new features, improvements and innovations is increasing all the time. Scaling....
In a note on Reddit that he is seeking senior engineers, Coinbase CEO Brian Armstrong also mentioned the possibility that the wallet may support more altcoins, and that Ethereum is scaling better than bitcoin. Armstrong’s original intent may have been to make Reddit readers aware that the company is seeking senior engineers as it ramps up for what he sees as a great future for cryptocurrency. But his post generated a number of comments about a coding test the company posted, along with comments about the possibility of Coinbase supporting more altcoins in addition to Ethereum. Coinbase To....
Coinbase adds Ethereum just a day after a historical and highly successful hardfork. Coinbase customers in 32 countries can now easily directly buy, sell store and send eth from their Coinbase account, making a conversion from btc to eth unnecessary, saving money in conversion fees. The ability to buy eth further extends to a new widget recently announced by Coinbase – Coinbase Buy Widget – which in partnership with other platforms, such as Brave Browser, allows users to buy Eth directly from the browser or website. The service will further expand to Australia in the coming weeks.....
Ethereum 2.0 is no longer about just the potential to bring Ethereum to a much more diverse audience than ever before. On June 19, 2020, Ethereum increased its gas limit by 25% from 10 million to 12.5 million. In no less than two days, this newfound capacity was used up, bringing the block use right back to 100%. This cat-and-mouse game between a higher gas limit and a surge in use has occurred the last three times Ethereum has raised its gas limit. There is evidently a genuine market demand to use Ethereum, but the gas prices are prohibitively expensive for most use cases. This is where....
Optimism has garnered interest from the most influential figures in the crypto Industry like Vitalik Buterin. Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications a platform with enough scaling capabilities, they can seek alternatives like the BNB Chain or Cardano. Optimism rollout was created to solve exactly....