1. QiAi QuestsHome
  2. Crypto & Markets

Coinbase Wallet Adopts Optimism Network for Improved and Affordable Transactions

• Crypto & Markets • 65 views

It is reported that Optimism, the Ethereum L2 network, announced on social media that the Coinbase Wallet has now integrated Optimism. The Coinbase Wallet will

Coinbase Wallet Adopts Optimism Network for Improved and Affordable Transactions

It is reported that Optimism, the Ethereum L2 network, announced on social media that the Coinbase Wallet has now integrated Optimism. The Coinbase Wallet will replace the ETH on the Optimism network with USDC, DAI, USDT or WBTC. The transaction cost of Optimism is relatively low (10 times lower than Layer 1 Ethereum), and users will receive 2 OP as a reward.

Coinbase Wallet now integrates Optimism

Analysis based on this information:


Optimism, the Ethereum Layer 2 (L2) network, continues to make development efforts geared towards scalability, cost-efficiency, and faster transaction throughput. Reports reaching the media space indicate that Optimism has announced the integration of Coinbase Wallet on its platform. This is a significant milestone for Optimism as Coinbase Wallet is a popular digital wallet known for its security features and user-friendly interface.

The announcement by Optimism reveals that Coinbase Wallet will now support transactions in USDC, DAI, USDT, or WBTC tokens instead of ETH on the Optimism network. This move is aimed at promoting interoperability in the blockchain space, ensuring that users can perform transactions with ease, irrespective of the type of wallet or platform used. The integration will also improve the usability of Optimism for Coinbase Wallet users.

One of the major challenges on the Ethereum network is high transaction fees. Optimism aims to solve this challenge by offering ten times lower transaction costs compared to Ethereum Layer 1. With the integration of Coinbase Wallet, users can enjoy cheaper and quicker transactions while maintaining the security of their funds.

Furthermore, Optimism is offering a reward system for Coinbase Wallet users on its network. Users will receive 2 OP, the token of the Optimism network, as a reward for every transaction carried out on the platform. This incentivizes more users to adopt the Optimism network, contributing to the platform’s growth and development.

In conclusion, the integration of Coinbase Wallet on the Optimism network is a significant development that will boost the adoption and usage of the platform. Offering cheaper transaction fees and a reward system will undoubtedly attract more users to the network, making it a preferred choice for various blockchain transactions. This integration is a step towards interoperability in the blockchain space, and Optimism is leading the way towards a more interconnected and decentralized future.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/8708.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/10/2023 17:07
Next 03/10/2023 17:57

Related recommendations